Coinbase Global Inc. (NASDAQ: COIN) on Monday submitted a petition to a federal appeals court, challenging a decision made by the U.S. Securities and Exchange Commission (SEC). The SEC had rejected Coinbase’s appeal for the establishment of new regulations tailored to the digital asset industry. The announcement on Friday revealed that the five-member commission reached the decision through a close 3-2 vote. The SEC, led by ChairGary Gensler, has officially rejected Coinbase’s proposal for new rulemaking, countering their argument that existing cryptocurrency regulations are “unworkable,” as r…