tldr; The US Third Circuit Court of Appeals is set to hear Coinbase’s arguments against the SEC’s denial of its petition to propose new cryptocurrency regulation rules. Coinbase claims the SEC acted “arbitrarily and capriciously” by rejecting the proposal in December 2023, highlighting a broader conflict between the regulator and the digital asset industry. Coinbase argues that existing laws are inadequate for the crypto sector, while SEC chair Gary Gensler maintains that current regulations apply to crypto securities markets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Lemon_Club on
Coinbase: can you please tell us what makes a crypto a security?
SEC: No. Also we’re suing you and you should’ve known better. *meanwhile approves ETH ETFs*
4 Comments
Yeah, fuck the SEC more please…
tldr; The US Third Circuit Court of Appeals is set to hear Coinbase’s arguments against the SEC’s denial of its petition to propose new cryptocurrency regulation rules. Coinbase claims the SEC acted “arbitrarily and capriciously” by rejecting the proposal in December 2023, highlighting a broader conflict between the regulator and the digital asset industry. Coinbase argues that existing laws are inadequate for the crypto sector, while SEC chair Gary Gensler maintains that current regulations apply to crypto securities markets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Coinbase: can you please tell us what makes a crypto a security?
SEC: No. Also we’re suing you and you should’ve known better. *meanwhile approves ETH ETFs*
Someone please fire Gary gensler