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U.S. Judges Demand SEC 'Explain Itself' for Rebuffing Requests for Crypto Rules

CoinDesk LogoCoinDesk1d ago

U.S. Judges Demand SEC 'Explain Itself' for Rebuffing Requests for Crypto Rules - CoinDesk

Quick Summary:

In another 11th-hour court loss for Chair Gary Gensler's tenure, judges in a Coinbase case again call the SEC's crypto position "arbitrary and capricious".

"Because we believe the SEC’s order was conclusory and insufficiently reasoned, and thus arbitrary and capricious, we grant Coinbase’s petition in part and remand to the SEC for a more complete explanation," the judges ruled in this case.

The legal blow for the agency — the second setback in a Coinbase-related case in less than a week — could leave an opening for its new leadership.


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Article Details

Author / Journalist: Jesse Hamilton

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 20:45:36 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 25123471

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About CoinDesk

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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  • URL: https://beamstart.com/news/us-judges-demand-sec-explain-17368027692986

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