Circuit

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Jake Chervinsky, chief legal officer of cryptocurrency-centered venture capital firm Variant Fund, has <a href="https://x.com/jchervinsky/status/1838301552551039093" rel="noopener noreferrer nofollow">stated</a> that the Securities and Exchange Commission has been "roasted" before the Court of Appeals for the Third Circuit.
"It's past time to put an end to the SEC's unlawful campaign of regulation by enforcement. The Third Circuit might do it," he said.
On Tuesday, cryptocurrency exchange Coinbase made oral arguments before the Third Circuit in its case against the SEC. The company took aim at the regulator's "arbitrary" and "capricious" denial of the company's petition for rulemaking.&nbsp;
The appeals court judges reportedly grilled the SEC over its refusal to make digital assets one of its rulemaking priorities.&nbsp;&nbsp;
Paul Grewal, chief legal officer at <a href="https://u.today/coinbase-announces-two-new-listings-details" rel="noopener noreferrer nofollow">Coinbase</a>, claims that the SEC has failed to come up with a "reasonable explanation" for its denial. "Regulation by enforcement does nothing but damage American consumers, innovation, US competitiveness, and our national security," he stressed.&nbsp;
It is worth noting that it is still unclear how the panel will rule. However, according to WSJ reporter Dave Michaels, the SEC had tougher questions for the SEC than for the exchange. &nbsp;

SEC Under Fire Over Anti-Crypto Policies

U_Today

2024년 9월 24일에 게재된 다른 기사

Most Trending Cryptocurrencies on Base Chain Now – BasedPepe, Doodle on Base, Eagle AI

Coinpedia Fintech News

The 2024 List of the Most Secure Crypto Exchange Platforms

Coinpedia Fintech News

Can SUI Price Replicate Solana (SOL) Last 150x Rally as Bullish Metrics Rise?

OpenAI News Account Was Hacked To Shill Scam Token

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!