Coin Center Advocates for SEC Rulemaking Over No-Action Letters

Coin Center has called on the U.S. Securities and Exchange Commission (SEC) to prioritize formal rulemaking in the cryptocurrency sector. According to NS3.AI, the advocacy group expressed concerns in a letter dated March 5, arguing that the current reliance on no-action letters leads to fragmented oversight. Coin Center highlighted that this approach tends to benefit projects and intermediaries with more resources, potentially creating an uneven playing field in the industry. The organization emphasized the need for a more structured regulatory framework to ensure fair and consistent oversight across the crypto market.