The post Coinbase Files Final Brief Against SEC’s Rulemaking Petition Denial appeared first on Coinpedia Fintech News
Coinbase has taken a strong stand against the SEC by filing its closing brief in the Third Circuit. The core issue is a single, dismissive sentence in the SEC’s order that merely “disagreed” with Coinbase’s claim that its current rules are unworkable for crypto companies.
Coinbase argues that this lack of reasoning and detail is enough to dismiss the entire case. The SEC has made a habit of overreach, claiming broad jurisdiction without clear authorization from Congress and refusing to provide clear rules
Today we filed our closing brief in the Third Circuit challenging the SEC’s denial of our rulemaking petition. At the core of this case is a single, conclusory sentence in the SEC order under review. That sentence—which “disagree[d]” that SEC rules are unworkable for digital…
— paulgrewal.eth (@iampaulgrewal) May 31, 2024
Coinbase
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