Coinbase Secures Partial Legal Victory in Crypto Rule Dispute with SEC
A federal appeals court has ruled in favor of Coinbase, delivering a significant setback to the Securities and Exchange Commission (SEC) regarding its lack of clear regulations for cryptocurrencies. The ruling issued today (Monday) saw the judges condemn the SEC’s management of the situation, labeling its dismissal of Coinbase’s 2022 application as ”arbitrary and capricious.” The SEC’s decision brings into question its strategy towards crypto regulation…