Coinbase urges federal appeals court to force SEC’s hand on digital asset rules

Quick Summary:

CRYPTOCURRENCY exchange Coinbase Global Inc.urged a federal appeals court to force the US Securities and Exchange Commission to create new rules that would govern digital assets and help end a long legal fight between the industry and regulators.

Scalia said that instead of clarifying the standards, the SEC has brought dozens of cases against crypto industry participants.

Their efforts appear to be gaining traction, as a sweeping regulatory framework bill backed by the lobby passed in the House with bipartisan support in May—the first major crypto legislation to pass in either chamber of Congress.

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Article Details

Author / Journalist: Bloomberg News

Category: BusinessStartups

Markets: Philippines

Topics: Scalia Digital Crypto Rules Court Gensler Assets Exchange Securities Coinbase Industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 12:30:16 (4 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 703 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22696112

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