Coinbase Files Case Against SEC Surrounding Crypto Regulation

Coinbase has leveled accusations against the U.S. Securities and Exchange Commission (SEC), alleging disregard for the law in rejecting the companys formal petition for crypto regulations. The claims were made in a filing submitted Monday to the U.S. Court of Appeals for the Third Circuit. Arbitrary Action by SEC Legal representatives for Coinbase contend that the securities regulator has exhibited arbitrary and capricious behavior by asserting authority over crypto assets while refraining from formulating new regulations governing their treatment. Instead, the agency has...


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