{
}
Coinbase achieved a partial legal victory as the US Court of Appeals for the Third Circuit criticized the SEC for its "arbitrary and capricious" reasoning in denying Coinbase's petition for clearer crypto regulations. The court emphasized the need for the SEC to provide a more thorough rationale for its decisions, highlighting the lack of guidance for crypto firms on compliance with existing laws. While the ruling does not mandate rulemaking, it sets a precedent for future cases and underscores the constitutional issues arising from the SEC's ambiguous stance on digital assets.
On January 7, 2025, District Judge Katherine Polk Failla granted Coinbase the right to appeal a key legal question in its case against the US SEC, pausing further proceedings until the appeals court rules on whether cryptocurrency transactions require an investment contract to be classified as securities. This ruling is pivotal for the cryptocurrency industry, especially with the anticipated shift in SEC leadership under pro-crypto chair Paul Atkins, which may lead to a more favorable regulatory environment. A potential victory for Coinbase could enhance market confidence and attract institutional investors previously deterred by regulatory uncertainties.
Katherine Minarik
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
court orders sec to justify lack of crypto rulemaking in coinbase case
Coinbase Global, Inc.
USA
Alex Thornton
Paul Grewal
Jake Chervinsky
Kim Ji-won
Katherine Minarik
Show more
21:41 13.01.2025
coinbase wins key ruling as cryptocurrency industry anticipates regulatory shift
23:38 07.01.2025
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Supply Chain Management
Retail and Consumer Goods
Global Trade Developments
Private Equity Deals
Industry Mergers & Acquisitions
Government Economic Policies
CEO Changes
Workplace Trends
Stock Market Updates
Emerging Startups
Corporate Social Responsibility
Funding Rounds & Investments
Consumer Protection Regulations
Fintech Startups
Energy Sector Developments
AI Innovations
Global Trade Policies
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corporation
Amazon.com, Inc.
JD.com, Inc.
Tesla, Inc.
Toyota Motor Corp
Honda Motor Co., Ltd.
Microsoft Corporation
Samsung Securities Co.,Ltd.
Meituan
XIAOMI-W
Tesmec S.p.A.
Emirates NBD Bank PJSC
Boeing Co
The Goldman Sachs Group, Inc.
Foxconn Technology Co., Ltd.
HP Inc.
KiloEx USD
Opec
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
Euro
Japanese Yen
British Pound Sterling
Offshore Chinese Yuan
Indonesian Rupiah
Vietnamese Đồng
South Korean Won
Nigerian Naira
Nicaraguan Córdoba
New Taiwan Dollar
Qatari Riyal
Mexican Peso
Pakistani Rupee
Saudi Riyal
Malaysian Ringgit
Singapore Dollar
Macanese Pataca
People: