Coinbase’s SEC Fight Renews Interest in ‘Grossly’ Underused Tool

November 16, 2023

…Having the ability to suggest new regulations and rule changes directly to the agency is powerful, said Kara Rollins of the New Civil Liberties Alliance (NCLA), a Washington, D.C.-based civil rights group. Still, rulemaking petitions are a “grossly underutilized tool” across federal agencies, she said.

“Part of that is because the agencies don’t substantively respond,” Rollins said…

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Originally Published in Bloomberg Law