Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking

The SEC has spent a substantial time in court docket on crypto issues, and its file of judgements is – up to now – a combined bag. It misplaced badly in disputes with Ripple and Grayscale (resulting in the approval of spot bitcoin exchange-traded funds), however it’s prevailed in others, together with a current ruling in an insider-trading case tied to a former Coinbase worker. In that case, a choose within the U.S. District Courtroom for the Western District of Washington determined the crypto property in that matter have been unregistered securities.