Reported about 12 hours ago
A federal appeals court has instructed the U.S. Securities and Exchange Commission (SEC) to clarify its reasons for rejecting Coinbase's request for clearer regulations on cryptocurrencies. The 3rd U.S. Circuit Court of Appeals ruled 3-0, emphasizing the need for the SEC to provide a more detailed explanation regarding its decision, although it did not mandate the creation of new rules. Coinbase contends that the SEC's current application of securities laws is inadequate for digital assets, and the court expressed concerns over the agency's lack of transparency in its regulatory approach.
Source: YAHOO