Coinbase Faces Legal Battles on Multiple Fronts
TL;DR
The US Securities and Exchange Commission (SEC) has been ordered by a US court to respond to Coinbase's complaint over how it applies securities laws to digital assets within 10 days. Coinbase argued that the SEC is providing insufficient regulatory guidance for US companies operating in the crypto sector. The crypto exchange referred back to a 2022 petition asking for formal rulemaking within the digital assets sector, to which the SEC is yet to respond. Coinbase has been attempting to launch a pre-emptive strike against the SEC, which said in March it expected to sue the exchange over allegations of offering unregistered securities products.
Topics:businesscryptocurrency#coinbase#cryptocurrency#digital-assets#regulatory-guidance#sec#securities-laws
- U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 Days CoinDesk
- Coinbase squares off with Washington's top crypto skeptic POLITICO
- SEC has 10 days to respond to Coinbase complaint: Legal exec Cointelegraph
- Coinbase sued under Biometric Information Privacy Act Biometric Update
- Coinbase Executives Sued For Allegedly Profiting From Inside Information During Public Listing Cryptonews
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