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rezakhan1364
@rezakhan1364
US Federal Court Orders SEC to Clarify Cryptocurrency Policies A Philadelphia federal appeals court has ordered the Securities and Exchange Commission (SEC) to explain its failure to enact specific rules for cryptocurrencies following Coinbase’s lawsuit against the agency. The three-judge panel ruled that the SEC’s response to Coinbase’s request for rules specifically for cryptocurrencies was arbitrary and unreasonable. Judge Stephanos Bibas warned that the SEC must clarify its position on digital assets. The ruling comes on the heels of a political shift and the resignation of SEC Chairman Gary Gensler, who is likely to be replaced by former commissioner and cryptocurrency advocate Paul Atkins.
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