US SEC, Coinbase clash in court over crypto rulemaking

Quick Summary:

:Coinbase and the U.S.securities regulator faced off in a federal appeals court in Philadelphia on Monday as the cryptocurrency exchange pressed the agency to create new rules for digital assets.Coinbase, the largest U.S.

In that petition, it urged the SEC to provide clarity on circumstances under which a digital asset is a security and create a new market structure framework compatible with cryptocurrencies.

A lawyer for the SEC argued that the agency is not required to create a new rule for the sector, and that existing regulations should suffice.

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Category: EconomyBusiness

Markets: Singapore

Topics: Exchange Appeals Petition Create Regulator Agency Court Crypto Sector Securities Coinbase

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 03:23:05 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 22670758

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 8 hours ago

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