Coinbase challenges SEC in court over ‘arbitrary and capricious’ rule making rejection
Coinbase has strongly criticized the Securities and Exchange Commission (SEC) for rejecting its rulemaking petition, labeling the decision “arbitrary and capricious.” The crypto exchange lodged this critique in a Mar. 11 petition filed before the US Court of Appeals for the Third Circuit. If Coinbase’s move is successful, the SEC would be compelled to establish...