Coin Center urges SEC to prioritize rulemaking over no-action letters
The Washington, D.C.-based nonprofit cryptocurrency policy think tank argued that no-action letters within the crypto industry lead to fragmentation and uneven treatment.
Crypto lobby group Coin Center has urged the US Securities and Exchange Commission to stop addressing individual crypto cases reactively and instead start setting clear rules.
“Individualized relief can provide short-term clarity, but it risks fragmentation, implicit merit regulation, and uneven treatment across projects,” Coin Center said in a letter to the SEC, urging the regulator to “prioritize rulemaking wherever possible.”
“The true value of crypto networks lies in their character as utility-like public goods rather than as services operated by private corporations or associations,” the letter read.