CandleFocus SEC Under Fire Over Anti-Crypto Policies
2024-09-24
Author: Content Editor
Cryptocurrency venture capital firm Variant Fund's chief legal officer, Jake Chervinsky, believes that the US Securities and Exchange Commission (SEC) has been severely criticized in court. Coinbase, a cryptocurrency exchange, presented its case against the SEC before the Third Circuit, arguing against the regulator's refusal of its petition for rulemaking. The court reportedly questioned the SEC on its failure to prioritize digital assets in its rulemaking, with Coinbase's chief legal officer, Paul Grewal, claiming that the SEC lacked a reasonable explanation for its denial. It remains uncertain how the court will rule, but the SEC faced more challenging questions compared to the exchange.
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