Coinbase Wins Partial Victory In SEC Regulatory Challenge, Court Calls Agency's Stance 'Arbitrary' - Coinbase Glb (NASDAQ:COIN)
- A U.S. Court ordered the SEC to explain its denial of Coinbase's request for crypto-specific regulations, calling the agency's stance 'arbitrary and capricious.'
- The ruling was made by a three-judge panel from the U.S. Court of Appeals for the Third Circuit, which sided partially with Coinbase.
- Coinbase's Chief Legal Officer, Paul Grewal, appreciated the court's decision, emphasizing the need for a clearer regulatory framework.
- The ruling adds pressure on the SEC, which is facing multiple enforcement actions against crypto firms while criticism mounts over its regulatory approach.
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Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
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- 60% of the sources are Center
60% Center
L 40%
C 60%
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