Coin Center presses SEC to favor formal rulemaking over crypto no-action letters in March 5 filing

On March 5, crypto policy group Coin Center sent a letter urging the US Securities and Exchange Commission to rely less on case-specific no-action letters and instead establish clear, industry-wide rules. The organization warned that selective relief for individual crypto projects can create fragmentation and uneven treatment, even as recent no-action letters from the SEC and CFTC have addressed DePIN projects, custodians and a wallet provider.