Coinbase appeals to the Third Circuit, urging the SEC to create new digital asset rules after 2022 petition denial.
Coinbase is appealing to the U.S. Court of Appeals for the Third Circuit, urging the SEC to create new rules for digital assets. After the SEC denied Coinbase's 2022 petition for clarity on when a digital asset constitutes a security, Coinbase argues that the existing regulatory framework hampers its operations. The ongoing dispute reflects broader tensions between the crypto industry and the SEC, which claims most crypto tokens fall under its jurisdiction.
September 23, 2024
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