US Securities and Exchange Commissioners Hester Peirce and Mark Uyeda responded to the US regulator’s decision to deny a rulemaking petition from Coinbase on Friday.

The two said that they disagreed with the decision, a contrast to the statement released by agency chair Gary Gensler that praised the decision. 

“The Petition raises issues presented by new technologies and other innovations, and addressing these important issues is a core part of being a responsible regulator. Any exploration of these issues should include public roundtables, concept releases and requests for comment, which would afford us the opportunity to hear from a wide range of market participants and other…

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