Coinbase has contested the SEC's rejection of its rulemaking petition, highlighting the absence of robust reasoning in the SEC's decision-making process. The dispute underscores the necessity for clear regulatory guidelines and authorized jurisdiction before expanding regulatory oversight to emerging sectors such as the cryptocurrency market. The verdict by the Third Circuit is poised to have significant repercussions on digital asset regulation and the fostering of innovation within the industry.
Coinbase Challenges SEC's Denial of Rulemaking Petition (Summary)
by Giorgi Kostiuk
2 years ago
0
Other news
Castle Labs Warns of Overbuilt Crypto Market
Castle Labs warns that the cryptocurrency market is overbuilt, with most tokens likely to lose value unless they demonstrate real business traction.
Bitcoin Mining Difficulty Rebounds, Indicating Network Resilience
Bitcoin mining difficulty has rebounded after a brief dip, indicating renewed miner participation and confidence in Bitcoin's long-term viability.
Jameson Lopp Raises Alarm Over BIP110's Risks
Jameson Lopp escalates his criticism of the BIP110 proposal, warning it could lead to a disruptive Bitcoin chain split.
Coinbase Revenue Growth Amid Regulatory Challenges
Coinbase reported significant revenue growth in stablecoins despite facing regulatory hurdles in the US.
Solana's price indicates potential signs of rebound.
Solana's price is recovering from recent losses, showing positive signs as it trades above key support levels.
Bitcoin's Realized Capitalization Declines, Indicating Market Caution
Recent data shows a decline in Bitcoin's realized capitalization, indicating a cautious market environment.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter