Court questions SEC’s ‘vacuous’ denial of Coinbase rulemaking …

Sep 24, 2024 · In July 2022, Coinbase asked the SEC to propose and adopt rules to govern securities that are “offered and traded via digitally native methods,” including clarification of …

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Coinbase CEO, Other Crypto Insiders Billions Richer After

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2 days ago · He still owns more than 10% of the largest U.S. crypto exchange, and the value of about 24 million shares tucked into his trust, according to the latest Securities and Exchange …

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FAQs about Court questions SEC’s ‘vacuous’ denial of Coinbase rulemaking … Coupon?

Why did Coinbase file a petition against the SEC?

Coinbase filed a petition against the Securities and Exchange Commission (SEC) last July, asking a federal court to compel the agency to respond to its demand for clearer crypto regulations. ...

Why did the SEC deny Coinbase a new rule?

The SEC denied Coinbase's petition for new rulemaking in December 2023, saying it fundamentally disagreed that current regulations are "unworkable" for the crypto sector. Coinbase on Monday asked a federal appeals court to overturn that denial, saying the SEC has made it impossible for the crypto firm to operate and comply with U.S. regulations. ...

Why did the SEC not propose new crypto rules?

The five-member commission, in a 3-2 vote, said it would not propose new rules because it fundamentally disagreed that current regulations are "unworkable" for the crypto sphere, as Coinbase has argued. Coinbase later said it had filed a petition for review of the SEC's decision in court. ...

What happened between Coinbase & US securities regulator?

(Reuters) -Coinbase and the U.S. securities regulator faced off in a federal appeals court in Philadelphia on Monday as the cryptocurrency exchange pressed the agency to create new rules for digital assets. ...

Why did Coinbase sue the Securities & Exchange Commission?

Coinbase, the largest U.S. crypto exchange, sued the Securities and Exchange Commission last year in an effort to compel the regulator to act on a petition for rulemaking Coinbase filed in 2022. ...

Does Coinbase need a new regulation?

Coinbase on Monday asked a federal appeals court to overturn that denial, saying the SEC has made it impossible for the crypto firm to operate and comply with U.S. regulations. A lawyer for the SEC argued that the agency is not required to create a new rule for the sector, and that existing regulations should suffice. ...