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<h3 id="coinbase-contends-that-the-existing-regulations-are-ill-suited-for-digital-assets-the-sec-has-been-given-a-deadline-of-one-week-to-clarify-its-position-regarding-coinbase-s-petition">Coinbase contends that the existing regulations are ill-suited for digital assets. The SEC has been given a deadline of one week to clarify its position regarding Coinbase’s petition</h3>The Third Circuit Court of Appeals has summoned the <a href="https://www.sec.gov/" rel="noopener noreferrer nofollow">U.S. Securities and Exchange Commission (SEC)</a> to provide further clarification regarding its position on a rulemaking petition submitted by cryptocurrency exchange <a href="https://cryptosheadlines.com/coinbase-files-mandamus-petition-against-u-s-sec/" rel="noopener noreferrer nofollow">Coinbase</a> (COIN).In response to Coinbase’s argument that the existing regulations are inadequate for digital assets, the company filed a challenge under the Administrative Procedure Act in April.Also Read This Related:  <a href="https://cryptosheadlines.com/sec-seeks-dismissal-of-coinbases-request-for-rules-clarification/" rel="noopener noreferrer nofollow">SEC seeks dismissal of Coinbase’s request for rules clarification</a>The purpose of the challenge was to compel the SEC to respond to Coinbase’s petition for formal rulemaking in the digital assets sector, which was originally filed in 2022. <a href="https://cryptosheadlines.com/us-court-directs-sec-to-provide-clear-position-on-coinbases-rulemaking-petition/" rel="noopener noreferrer nofollow">Read More...</a>Follow Cryptos Headlines On <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News:</a>Join Cryptos Headlines Community: <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">https://linktr.ee/cryptosheadlines.com</a>

US Court Directs SEC to Provide Clear Position on Coinbase’s Rulemaking Petition

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