2023.06.08

Coinbase's Quest for Clarity: SEC's Response Demanded by US Court

The United States Court of Appeals for the Third Circuit has directed the SEC to clarify its stance on Coinbase's plea for formal rulemaking in the digital assets sector. The move comes in response to Coinbase's Administrative Procedure Act challenge filed in April, which sought to compel the SEC to address its 2022 petition, arguing that the existing regulatory requirements do not adequately suit the unique nature of digital assets.