🚀DeFi & Web3 fans, gather 'round for a giggle!🤣 The SEC just rejected Coinbase's petition for tailored rules for digital assets. Apparently, the existing securities regime is good enough for crypto asset securities. Who knew?🤷‍♂️

👮‍♂️Chair Gary Gensler says the SEC is already working on rule proposals for crypto businesses, and its enforcement division is handling any wrongdoing. So, no need for new rules, right?🤔

📜Coinbase tried to apply pressure in 2022 but got sued instead. Now, the SEC has finally responded with a big ol' NOPE.🙅‍♂️

🔍Gensler also hinted that a crypto broker (ahem, Prometheum Inc.) managed to register using special digital assets registration. So, maybe it's not all doom and gloom?💡

What do you think, fellow blockchain enthusiasts? Is the SEC being too stubborn or are they on the right track?🧐 Let's chat in the comments!👇 #DeFi #Web3 #SEC #Coinbase