SEC signboard and Coinbase banner with the symbol of justice

Coinbase Challenges SEC in Lawsuit Over Crypto Regulation

In response to the SEC’s rejection of Coinbase’s formal petition for rulemaking, Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission, accusing the agency of behaving arbitrarily and capriciously. The lawsuit, filed in the U.S. Court of Appeals for the Third Circuit, alleges that the SEC has failed to establish clear rules for overseeing the cryptocurrency industry, despite Coinbase’s request for specific regulations governing digital assets.

Continue Reading...