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The U.S. Court of Appeals ruled that SEC's denial of Coinbase's petition for clearer cryptocurrency regulations was not properly argued

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

Coinbase welcomed the court's ruling requiring the SEC to give a more detailed explanation for denying its petition for clearer crypto regulations.

The SEC, responding to the court's order for a detailed explanation of its denial of Coinbase's petition for clearer crypto regulations, said it is reviewing the ruling and considering next steps

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US court orders SEC to better explain its dismissal of Coinbase petition for clearer crypto regulations

Crypto news