Agency has been ignoring exchange’s request for crypto rules since July.
Monitors display Coinbase signage during the company's initial public offering at the Nasdaq market site April 14, 2021 in New York City.counterattack against the U.S. Securities and Exchange Commission is likely to win the company support in cryptocurrency circles, but it has an uphill battle against a federal agency that has been battling the digital-assets industry this year.petition
“The petition filed yesterday is quite persuasive. I expect major industry players to pile in with amicus briefs supporting Coinbase's position,”James Murphy, a securities lawyer in Richmond, Virginia, on Twitter. However, he added, there is only a “tiny chance the SEC will blink and agree to engage in rule-making.”
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