CandleFocus

Weighing in on the latest Coinbase-SEC ruling

The recent court ruling in the Coinbase-SEC case could be a catalyst for regulatory clarity in the crypto space. The court ordered the SEC to issue a new rule, indicating that the agency may be running out of room to avoid defining its position on crypto regulation. The ruling also highlighted the need for the SEC to distinguish between cryptocurrencies that operate like securities and those that do not. While the ruling may provide optimism for defendants challenging crypto enforcement actions, issuing a new rule would be a significant action. The decision does not fully cease SEC actions for unregistered securities offerings, but the approach of the agency's new administration remains uncertain.

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