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Appeals Court Demands SEC Justify Coinbase Regulation Denial

1/14/2025

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Summary

Story summary

A U.S. Court of Appeals panel demanded the SEC justify its denial of Coinbase's request for clear crypto regulations, calling the decision "arbitrary and capricious."
This ruling coincides with SEC Chair Gary Gensler's impending departure, with Paul Atkins likely to adopt a more lenient regulatory stance.
Coinbase celebrates the court's decision as a major victory for the crypto industry, highlighting the urgency for regulatory clarity.

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Story summary

A U.S. Court of Appeals panel demanded the SEC justify its denial of Coinbase's request for clear crypto regulations, calling the decision "arbitrary and capricious."
This ruling coincides with SEC Chair Gary Gensler's impending departure, with Paul Atkins likely to adopt a more lenient regulatory stance.
Coinbase celebrates the court's decision as a major victory for the crypto industry, highlighting the urgency for regulatory clarity.