Copy link
Increase text size
Decrease text size
Link copied

US court orders SEC to respond to Coinbase complaint on crypto regulations

Coinbase seeks clarification on SEC's application of securities laws to crypto products

Fri, 05 May 2023, 13:18 pm UTC

A US court has directed the Securities and Exchange Commission (SEC) to respond to Coinbase's complaint regarding how it applies securities laws to digital assets. The Third Circuit Court of Appeals issued the order on Wednesday, stating that the SEC must file its response within 10 days.

Coinbase had argued that the SEC's regulatory guidance for US firms operating in the crypto sector was inadequate, stating that it must "at a minimum must set forth how those inapt and inappropriate requirements are to be adapted to digital assets."

The crypto exchange was attempting to launch a pre-emptive strike against the SEC, which had announced in March that it planned to sue the exchange for offering unregistered securities products.

Coinbase's complaint referred to a 2022 petition that called for formal rulemaking within the digital assets sector, to which the SEC had yet to respond.

The 10-day deadline ordered by the court refers to the SEC's requirement to provide a legal basis for why it has not responded to the petition.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

  • PUBLISH (NEWS) $0.000557 (-5.29%)
  • Bitcoin (BTC) $28,054.50 (+3.41%)
  • Ethereum (ETH) $1,689.16 (+0.58%)
  • Tether USDt (USDT) $1.00 (-0.01%)
  • BNB (BNB) $216.69 (+0.81%)
  • XRP (XRP) $0.519045 (+0.32%)
  • PUBLISH (NEWS) $0.000557 (-5.29%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.