Cryptocurrency exchange Coinbase Global Inc. urged a federal appeals court to force the US Securities and Exchange Commission to create new rules that would govern digital assets and help end a long legal fight between the industry and regulators.

Coinbase and the U.S. Securities and Exchange Commission (SEC) clashed in a Philadelphia federal appeals court on Monday as the cryptocurrency exchange pushed the regulator to establish specific rules for digital assets.

Coinbase, a leading crypto exchange in the global and United States market has clashed with the US Security and Exchange

The SEC’s reasons for denying a Coinbase Inc. petition for rules governing the cryptocurrency industry were “sparse” and “pretty close to vacuous,” a Third Circuit judge told an attorney for the agency at oral argument Monday.

The US Third Circuit Court of Appeals will on Monday hear Coinbase's arguments against the Securities and Exchange's (SEC) denial of its petition to propose new rules for cryptocurrency regulation.

Coinbase and the U.S. securities regulator faced off in a federal appeals court in Philadelphia on Monday as the cryptocurrency exchange pressed the agency to create new rules for digital assets. Coinbase,

Coinbase collided with the SEC Monday as the crypto exchange giant continues to push the Wall Street regulator for crypto-centric rulemaking, which the Commission has refused.

Coinbase and the SEC are fighting in federal appeals court as the crypto exchange disputes the SEC’s authority over cryptocurrency. Coinbase has filed an appeal

Coinbase Global (COIN) asks an appeals court to overturn SEC's denial of its petition for new crypto rules, saying the current framework is 'impossible.'