Coinbase vs SEC lawsuit has seen a renewed clash in a federal appeals court in Philadelphia, as the leading U.S. crypto exchange challenges the regulator’s refusal to establish new rules for digital assets.
The hearing marks the latest chapter in the ongoing dispute between Coinbase and the SEC, with the exchange seeking to overturn the SEC’s denial of its 2022 rulemaking petition.
Coinbase Challenges SEC’s Denial of Rulemaking Petition
In a court hearing on Monday, Coinbase urged the SEC to establish clear regulations for digital assets, arguing that existing securities laws are outdated and impractical for the crypto industry.
The exchange’s appeal centers on the SEC’s refusal to act on a 2022 petition requesting clarification on when a digital asset qualifies as a security and calling for a market structure tailored to cryptocurrencies.
The SEC denied Coinbase’s petition in December 2023, asserting that current regulations are sufficient and disagreeing with the idea that new rules are necessary. Coinbase contends that this stance has left the crypto market in regulatory uncertainty, making compliance difficult for companies operating in the U.S.
This Is a Breaking News Please Check Back For More
The post Coinbase Vs SEC: Exchange Appeals SEC’s Denial Of Rulemaking Petition appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed