Coinbase Chief Legal Officer Paul Grewal said on Friday that the exchange is challenging the U.S. Securities and Exchange Commission’s (SEC) decision to reject new digital asset regulatory rules. Earlier in the day, the SEC rejected Coinbase’s long-standing request for new rules, calling it “unnecessary.” Coinbase and the SEC have been at odds since it requested new rules in 2022. Grewal noted that Republican SEC Commissioners Hester Peirce and Mark Uyeda disagreed with the decision to reject...