“The commission disagrees with the petition’s assertion that application of existing securities statutes and regulations to crypto asset securities, issuers of those securities, and intermediaries in the trading, settlement, and custody of those securities is unworkable,” the five-member fee concluded in its two-page response, which mentioned the company had given the request cautious consideration. “The commission concludes that the requested rulemaking is currently unwarranted and denies the petition.”
