The SEC again...
The US Securities and Exchange Commission has officially rejected Coinbase's petition regarding new regulation of digital assets, declaring that the current rules can very well also be applied to cryptocurrencies.

SEC Chairman Gary Gensler has therefore renewed his position on the application of federal securities laws to cryptocurrencies and entities that intermediate crypto transactions in the form of "financial assets" can be considered "non-compliant intermediaries".

As already said in the past, Gensler seems to want to take yet another dig at the collapse of FTX which caused enormous damage to investors precisely because the exchange did not comply with federal securities laws.

Obviously, the SEC's choice has been widely criticized by many operators in the crypto sector, who believe everything is too unclear and that further clarification is needed.

Which is why, now many exchanges are starting to expand their business outside the US (Coinbase, Robinhood, Binance, Kraken and others), while others are trying to find ways to comply with federal security laws (Nexo, Bybit, Bitget and others).