The U.S. Securities and Exchange Commission (SEC) has rejected Coinbase's request for more clarity on cryptocurrency regulations. In response to Coinbase's petition for a Writ of Mandamus, the SEC filed a brief stating that it was not willing to provide any clarity on crypto regulations. The regulator argued that new regulations were unnecessary as digital assets are already considered securities. Coinbase had previously called for productive dialogue with the SEC, but the regulator's response indicates that they are not interested in cooperating with crypto firms.