Coinbase asked for new rules for cryptocurrencies, but the SEC disagrees. They say the current laws are enough. Coinbase wanted a change, but the SEC said no. Now, the SEC is fighting back.

Coinbase wanted new rules for cryptocurrencies. They asked the SEC to make them. But the SEC said no. They said the current laws are okay. Coinbase didn't like this. So, they went to court. But the SEC is standing firm. They say there's no need for new rules.

The SEC thinks the current laws are fine. They've been using them for a long time. They don't need new ones. The SEC also says they've been fair. They've used these laws with crypto before. And the courts agreed with them.

Coinbase said they didn't get a good reason for the SEC's decision. But the SEC says they did. They gave Coinbase a short explanation. The SEC says it's enough.

Meanwhile, the crypto market is doing okay. It went up a bit. Bitcoin went down a little, though. But other coins did okay. Solana and Binance Coin did the best.