Reported 15 days ago
Coinbase confronted the U.S. Securities and Exchange Commission (SEC) in a federal appeals court, urging the agency to develop new regulations for digital assets. The largest U.S. crypto exchange is pressing for clarity on digital asset classification and a revised market framework. This legal dispute follows the SEC's 2023 denial of Coinbase's petition for rulemaking, with Coinbase arguing that the SEC's stance hampers its operations and compliance. The ongoing conflict reflects the broader tension between the evolving crypto industry and U.S. regulatory frameworks.
Source: YAHOO