Coinbase accuses the SEC of trying to destroy the crypto indus | Bitcoin Ethereum and NFTs News 📲
Coinbase accuses the SEC of trying to destroy the crypto industry in final push to get the agency to write rules
An appeals court should order the U.S. Securities and Exchange Commission to start writing rules for crypto, Coinbase argued in its final push for rulemaking. Crypto firms are caught in a "Catch-22," Coinbase said in its 36-page closing brief filed on Friday in the Court of Appeals for the Third Circuit. The SEC has asked firms to comply while also launching "scorched-earth litigation against those firms for their failure to do so," and has refused to write rules, Coinbase said.
