Appellate court grants partial win for Coinbase over SEC rules
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US court orders SEC to better explain its dismissal of Coinbase petition for clearer crypto regulations
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Coinbase’s appeal stemmed from a 2022 request for the SEC to create “rules to govern the regulation of securities that are offered and traded via digitally native methods, including potential rules to identify which digital assets are securities.
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In a Jan. 13 opinion issued by the Third Circuit, a panel of three judges granted a petition from Coinbase in part but declined to order the SEC to launch rulemaking proceedings that could clarify the commission’s position on crypto
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