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In January 2025, the U.S. Court of Appeals partially granted Coinbase's petition ordering the SEC to provide a more detailed explanation for its denial for Coinbase petition to create new rules for the crypto industry

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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
The U.S. Securities and Exchange Commission must explain why it denied Coinbase's petition for specific rules for crypto, the U.S. Court of Appeals for the Third Circuit said in an opinion posted on Monday. The court called the SEC's decision to ignore this request for crypto-specific rulemaking as "arbitrary and capricious."

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The timeline of Coinbase petition

Crypto news

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