Coinbase says it will challenge SEC crypto rulemaking rejection

Coinbase isn’t taking no for an answer. 

In a post on X, Coinbase Chief Legal Officer Paul Grewal said that the exchange company will challenge the US Securities and Exchange Commission in a court filing on Friday.

The decision to once again engage the SEC in the courts came after the SEC denied the crypto exchange’s rulemaking petition. 

The SEC and Coinbase are locked in multiple legal battles after the exchange sued the regulator in April and then the SEC filed a lawsuit against Coinbase in June. 

Read more: Coinbase sues SEC to demand regulatory clarity on crypto

The SEC alleges that Coinbase operated as an unregistered exchange while offering and selling unregistered…

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