Buy $GGsBreaking: Coinbase Escalates Call for Crypto Regulation Amid SEC Delays
Coinbase, a major U.S. cryptocurrency exchange, has intensified its campaign for definitive crypto regulation. This move follows recent actions by the Securities and Exchange Commission (SEC) against fellow exchange Kraken.
On November 22, Coinbase’s legal team responded to an SEC letter from the previous day, highlighting the urgency for clear regulatory guidelines. This response was part of an ongoing effort initiated in July 2022 when Coinbase first petitioned the SEC for comprehensive rules on digitally native securities.
SEC’s Delay Tactics and Coinbase’s Reaction
The SEC’s recent promise to provide a status report on crypto rulemaking by December 15 has not satisfied Coinbase. The exchange’s representatives argue that the SEC’s history of postponement and vague responses necessitates a more decisive legal mandate. They assert that the SEC’s actions, including the enforcement against Kraken, demonstrate an avoidance of committing to concrete regulatory standards.
Kraken’s Case Underscores Regulatory Uncertainty
Coinbase’s argument gains traction from the SEC’s recent allegations against Kraken. Filed on November 20, these allegations accuse Kraken of customer funds’ commingling and failing to register as a securities exchange. This case, alongside the ongoing situation with Binance, spotlights the murky regulatory landscape in which crypto businesses operate. Coinbase uses these examples to emphasize the need for clear, consistent, and fair regulations.
Significantly, Coinbase’s legal push comes at a critical time when the SEC is reportedly close to deciding on a Bitcoin exchange-traded fund (ETF), which could significantly impact mainstream crypto adoption. Coinbase’s CEO, Brian Armstrong, has reiterated the importance of compliance and legal adherence, even at the expense of growth speed. This commitment to regulation, he argues, is essential for long-term success in the crypto industry.
Read Also: OpenAI Debacle Triggers Support for Open Source AI Rivals
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Treasury Firm MARA Considers Selling BTC Reserves After Policy Update
- Cardano Founder Warns Over CLARITY Act, Cites Lack of Protection for DeFi, Stablecoins, Prediction Markets
- Core Scientific Sells 1,900 BTC as Bitcoin Miner Pivots to AI, CORZ Stock Dips
- Bitcoin News: VanEck CEO Projects Gradual BTC Rally in 2026 as ETFs Sees $458M Inflows
- Bitcoin, Gold Slip as Donald Trump Says “Unlimited Munition Stockpiles” for US-Iran War
- Circle Stock Price Climbs 15% to $96, Can Rally Continue in March 2026?
- Bitcoin Price Prediction as US-Iran War Enters 4th Consecutive Day
- Top 5 Historical Reasons Dogecoin Price Is Not Rising
- Pi Coin Price Prediction for March 2026 Amid Network Upgrade, KYC Boost, Rewards Distribution
- Gold Price Nears ATH; Silver Eyes $100 Breakout on Us- Iran War
- Bitcoin And XRP Price As US Kills Iran Supreme Leader- Is A Crypto Crash Ahead?
