Author: John Smith

A three-judge panel from the US Court of Appeals for the Third Circuit has demanded the SEC explain why it didn’t respond to Coinbase’s requests for clear regulations A recent ruling by the panel has called the US Securities and Exchange Commission’s (SEC) actions “arbitrary and capricious” The US Court of Appeals for the Third Circuit has ordered that the SEC explain itself for refusing to set clear crypto regulations when Coinbase requested they do so after the regulator issued the exchange with a Wells Notice in March 2023. According to one of the judges, “Rather than force the agency…