Coinbase Petitions SEC to Propose Rules for Trading (2)

Coinbase Global Inc., the largest US cryptocurrency platform, is calling on the Securities and Exchange Commission to propose clear rules for the trading of digital assets.

In a petition submitted on Thursday, the exchange -- which has clashed with the SEC in the past -- asks the regulator to clarify which digital assets it considers to be securities. The company also stresses the importance of establishing guardrails, given the market meltdown that has wiped out trillions of dollars and bankrupted several companies.

“The U.S. does not currently have a functioning market in digital asset securities due to the lack ...