Gary

<p data-wp-editing="1"><a href="https://bc.game/i-q0xtr0kn-n/"><img class="alignnone wp-image-129906 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/10/bcgame.webp" alt="bcgame" width="350" height="250"></a></p>
<ul> 
 <li>Coinbase intensifies its plea for clarity on crypto securities from the SEC.</li> 
 <li>The exchange slams the SEC for its “bureaucratic pantomime” and lack of actionable guidance.</li> 
 <li>Coinbase’s counsel highlights a potential “Catch-22” situation for digital assets due to SEC’s inaction.</li> 
</ul> 
<p><strong>Coinbase persists in its demand for definitive rules from the SEC on crypto securities, raising concerns over bureaucratic hurdles and seeking judicial intervention for clarity.</strong></p> 
<h2 id="strong-the-never-ending-wait-for-clarity-on-crypto-regulations-strong"><strong>The Never-Ending Wait for Clarity on Crypto Regulations</strong></h2> 
<p>While Coinbase has been steadfast in seeking clarity from the SEC on the classification of digital assets as securities, the agency’s consistent delays and lack of concrete responses have exacerbated the situation. Coinbase’s recent legal filing criticizes the SEC for its evasiveness and demands that the agency finally provide the much-needed guidance or face potential court-mandated action.</p> 
<h2 id="strong-sec-s-prolonged-ambivalence-a-troubling-pattern-strong"><strong>SEC’s Prolonged Ambivalence: A Troubling Pattern?</strong></h2> 
<p>Coinbase’s assertion of the SEC’s “troubling intransigence” stems from the agency’s prolonged inaction on a rulemaking petition submitted over a year ago. While the SEC was granted a court-sanctioned delay in June, its subsequent filings have been disappointingly unenlightening. According to Coinbase’s counsel, Eugene Scalia, this persistent delay signifies the SEC’s implicit refusal to act on Coinbase’s request, trapping digital assets in an uncertain regulatory limbo.</p> 
<h2 id="strong-decoding-the-bureaucratic-pantomime-strong"><strong>Decoding the ‘Bureaucratic Pantomime’</strong></h2> 
<p>Scalia, highlighting the SEC’s unyielding stance, has described the agency’s report as a mere “bureaucratic pantomime.” He emphasizes the necessity of a mandamus, a judicial directive, to compel the SEC to fulfill its statutory obligations. Such strong-worded remarks underscore the intense frustration experienced by crypto entities like Coinbase, eager for regulatory clarity in an evolving landscape.</p> 
<h2 id="strong-historical-context-the-coinbase-sec-tug-of-war-strong"><strong>Historical Context: The Coinbase-SEC Tug-of-War</strong></h2> 
<p>Initiated as a plea for rule clarity, Coinbase’s journey with the SEC has been marked by legal complexities. The SEC’s lawsuit against Coinbase in June, alleging its operations as an unregistered securities exchange, intensified the discord. Further complicating matters, the SEC’s Division of Corporate Finance made contradictory demands on Coinbase CEO Brian Armstrong regarding digital asset regulations.</p> 
<h2 id="strong-sec-s-stance-a-contradictory-narrative-strong"><strong>SEC’s Stance: A Contradictory Narrative?</strong></h2> 
<p>While SEC Chairman Gary Gensler asserts that existing laws provide sufficient clarity for digital asset companies, Coinbase’s experiences suggest otherwise. The recent SEC filing hinting at staff recommendations was dismissed by Scalia as inadequate, urging the need for transparency and pushing for public disclosure within a month.</p> 
<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>As the tug-of-war between Coinbase and the SEC continues, the broader crypto community awaits definitive regulatory guidance. The ongoing impasse underscores the challenges of regulating an innovative and rapidly evolving industry. However, for the sake of market stability and investor confidence, a clear resolution is both urgent and essential.</p> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/coinbase-vs-sec-the-ongoing-battle-over-crypto-securities-regulations/">Coinbase vs. SEC: The Ongoing Battle Over Crypto Securities Regulations!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

Coinbase vs. SEC: The Ongoing Battle Over Crypto Securities Regulations!

Table of Contents

CO NEWS

Other articles published on Oct 15, 2023

Dubai Celebrates Innovation and Entrepreneurship as Expand North Star Opens

AI-Powered Snore Detector: A New Approach to Tackling Snoring and Sleep Apnea

5 Crypto Casinos in Luxembourg That Make Gambling Fruitful

NFT market slump shows it’s maturing toward ‘genuine utility,’ execs argue

Binance Decides to List an Altcoin in Futures, Which Soared 90 Percent Today

SEC’s Silent Consent: Implications for Grayscale’s Bitcoin ETF

Join our free newsletter for daily crypto updates!