Coinbase sues the SEC for answer on rule specific to digital assets
"From the SEC’s public statements and enforcement activity in the crypto industry, it seems like the SEC has already made up its mind to deny our petition. But they haven’t told the public yet. So the action Coinbase filed today simply asks the court to ask the SEC to share its decision," the company's, a type of lawsuit for"exceptional circumstances" in which a court can force federal officials to act.
Eugene Scalia, son of former Supreme Court Justice Antonin Scalia and former secretary of labor, a cabinet-level position, is one of the outside counsels representing Coinbase in their petition. Scalia, currently a partner at the law firm Gibson Dunn, has won several suits against financial regulators, including a case against the Financial Stability Oversight Council that ended with the revoking of insurance company MetLife's"too big to fail" regulatory status.
If the SEC declines to make a new rule, Coinbase can file another lawsuit in an attempt to make a federal court force them to do so.The lawsuit isn't the crypto company's only recent legal fight with the U.S. government.
The tokens alleged to be unregistered securities by the SEC were also listed by other crypto firms, creating potential legal risk for much of the industry that sells tokens to customers in the U.S.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Celsius auction has Gemini and Coinbase as new bidders: ReportTwo new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York.
Baca lebih lajut »
India's Adani Ports starts $130 mln buyback of debt securitiesIndia's Adani Ports and Special Economic Zone , a group company of the beleaguered Adani Group, said on Monday that it started a buyback programme of certain debt securities to prepay part of its loans due in 2024.
Baca lebih lajut »
Declining Bitcoin-Ether Correlation Could Impact Crypto Investors’ Hedging Strategies: Coinbase.coinbase estimates that another 73,000 ether ($ETH) could be unlocked in partial withdrawals and 822,000 in full withdrawals, following the Shanghai upgrade of the ethereum blockchain, and this could take about 15 days to process. willcanny99 reports.
Baca lebih lajut »
Coinbase and Gemini Join Bid Race for Celsius Network’s Assets: ReportAn unnamed source disclosed that the new bidders are most likely to win the auction as they are established crypto operators.
Baca lebih lajut »
SEC wins $2.8M in suit over alleged crypto token price manipulationA suit brought by the SEC alleging market manipulation and unregistered securities sales has ended with Hydrogen Technology and its former CEO Michael Ross Kane agreeing to pay $2.8 million.
Baca lebih lajut »
Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show.stablekwon wants SECGov to drop the civil action against him for lack of jurisdiction. For one, UST is a currency and not a security, Kwon's lawyers say. iamsandali reports.
Baca lebih lajut »