The court’s decision does not force the SEC to create crypto-specific rules, but instead requires the SEC to explain its reasoning for denying Coinbase’s request in much greater detail

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The court’s decision does not force the SEC to create crypto-specific rules, but instead requires the SEC to explain its reasoning for denying Coinbase’s request in much greater detail

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The judges added that they declined, however, to force the SEC to create crypto-specific rules, as Coinbase had requested
So the SEC doesn’t have to issue new crypto rules now, but it must explain to Coinbase in much greater detail why it has, thus far, refused to do so
At the same time, the court did not require the SEC to actually draft these rules

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Crypto news

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