The US-based crypto exchange, Coinbase is making allegations against the SEC for not providing clear regulations on Cryptocurrency
Coinbase’s lawyers are stating that when the SEC rejected the crypto exchange’s petition in December, it failed to explain its refusal to write cryptocurrency-specific regulations.
Coinbase Lawyers Argue
Coinbase’s lawyers contend that the securities regulator’s claim of authority over crypto assets is arbitrary and capricious since it has declined to establish new regulations for treating such assets. Instead, the regulator has applied oversight of digital assets through enforcement actions, according to the company’s opening brief in its lawsuit.
The SEC Chair, Gary Gensler, has argued that the regulator is working on crypto rules. Besides, it is crucial to maintain commission discretion in setting its rulemaking priorities, even if they are not the rules the industry wants.
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In an accompanying post on March 11, Coin
We współpracy z: https://www.thecoinrepublic.com/2024/03/12/coinbase-accuses-sec-of-breaking-law-in-crypto-rulemaking/
