Coinbase filed a 36-page closing statement with the U.S. court on Friday, accusing the SEC of trying to destroy the crypto industry and that the appeals court should order the SEC to begin formulating cryptocurrency rules. The SEC requires companies to comply with regulations, but refuses to make rules while filing lawsuits against companies that fail to comply. Earlier this month, the SEC rejected Coinbase's call for rulemaking and said the exchange could not force it to make new rules. (TheBlock)