US Court Criticizes SEC’s Weak Response to Coinbase Petition

✨ The US Court of Appeals criticized the SEC's vague denial of Coinbase’s rulemaking petition on crypto regulations.

✨ The court demanded more substantial reasoning from the SEC for rejecting Coinbase's 2022 request for clearer crypto rules.

✨ Judges raised concerns over the SEC’s arbitrary enforcement and lack of guidance, leaving crypto firms in uncertainty.

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