💨 Abstract

Coinbase, the largest U.S. cryptocurrency exchange, is challenging the Securities and Exchange Commission (SEC) in a federal appeals court over the lack of clear rules for digital assets. Coinbase filed a petition for rulemaking in 2022, urging the SEC to provide clarity on when a digital asset is considered a security and to create a compatible market structure for cryptocurrencies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖