Author: John Smith

Coinbase can now seek guidance from the Second Circuit Court of Appeals to determine if the SEC’s complaints against it are valid The SEC first filed a complaint against Coinbase in 2023, arguing that it operated as an unregistered brokerage in violation of federal securities laws Coinbase has been granted an interlocutory appeal, temporarily pausing its ongoing court case against the US Securities and Exchange Commission (SEC). According to a filing, Judge Katherine Polk Failla of the Southern District of New York granted the crypto exchange’s motion. Filing a complaint on June 6, 2023, the SEC argued that Coinbase amounted…

A three-judge panel from the US Court of Appeals for the Third Circuit has demanded the SEC explain why it didn’t respond to Coinbase’s requests for clear regulations A recent ruling by the panel has called the US Securities and Exchange Commission’s (SEC) actions “arbitrary and capricious” The US Court of Appeals for the Third Circuit has ordered that the SEC explain itself for refusing to set clear crypto regulations when Coinbase requested they do so after the regulator issued the exchange with a Wells Notice in March 2023. According to one of the judges, “Rather than force the agency…