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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://hachyderm.io/users/molly0xfff/statuses/113846608434973999">Molly White (molly0xfff@hachyderm.io)'s status on Saturday, 18-Jan-2025 09:49:47 JST</a><a href="https://hachyderm.io/@molly0xfff" title="molly0xfff@hachyderm.io"><img src="https://gnusocial.jp/avatar/34789-48-20230824095227.webp" width="48" height="48" alt="Molly White" style="position: absolute; left: 0; top: 0;">Molly White</a><div><a href="https://hachyderm.io/@molly0xfff/113846605099185869" rel="in-reply-to">in reply to</a></div></section><article><p>Coinbase notched a win in the Third Circuit, though their substantial efforts to install a crypto-friendly administration (and, therefore, SEC) would likely have resulted in a similar outcome regardless.</p><p><a href="https://hachyderm.io/tags/crypto" rel="tag">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" rel="tag">#cryptocurrency</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4395961#notice-8598689">In conversation</a><time datetime="2025-01-18T09:49:47+09:00" title="Saturday, 18-Jan-2025 09:49:47 JST">about 4 months ago</time> <span>from <span><a href="https://hachyderm.io/@molly0xfff/113846608434973999" rel="external" title="Sent from hachyderm.io via ActivityPub">hachyderm.io</a></span></span><a href="https://hachyderm.io/@molly0xfff/113846608434973999">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/3945165">In governments and regulators
Coinbase has notched another win in litigation with the SEC as the Third Circuit has remanded the agency’s decision to deny Coinbase’s petition for rulemaking [I47, 58]. According to the Third Circuit, “the SEC’s order was conclusory and insufficiently reasoned, and thus arbitrary and capricious”, and so they have sent it back to the SEC for a “more complete explanation”, adding the smackdown that the agency “should not give yet another poor explanation in an already-long line of them”. However, the court declined to go so far as ordering the SEC to begin the rulemaking Coinbase had demanded.5 While the appeals court decision is meaningful, the practical outcome for Coinbase and the rest of the cryptocurrency industry is likely not going to be very different from what we’re already expecting with the new crypto-loving Trump administration’s SEC, as I outline later in this issue.</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/846/607/200/407/310/original/5142aa5f96ab9043.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/846/607/200/407/310/original/5142aa5f96ab9043.png</a></li></ol></footer></blockquote>

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Molly White (molly0xfff@hachyderm.io)'s status on Saturday, 18-Jan-2025 09:49:47 JST Molly White
in reply to
Coinbase notched a win in the Third Circuit, though their substantial efforts to install a crypto-friendly administration (and, therefore, SEC) would likely have resulted in a similar outcome regardless.
#crypto #cryptocurrency
In conversationabout 4 months ago from hachyderm.iopermalink
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1. In governments and regulators Coinbase has notched another win in litigation with the SEC as the Third Circuit has remanded the agency’s decision to deny Coinbase’s petition for rulemaking [I47, 58]. According to the Third Circuit, “the SEC’s order was conclusory and insufficiently reasoned, and thus arbitrary and capricious”, and so they have sent it back to the SEC for a “more complete explanation”, adding the smackdown that the agency “should not give yet another poor explanation in an already-long line of them”. However, the court declined to go so far as ordering the SEC to begin the rulemaking Coinbase had demanded.5 While the appeals court decision is meaningful, the practical outcome for Coinbase and the rest of the cryptocurrency industry is likely not going to be very different from what we’re already expecting with the new crypto-loving Trump administration’s SEC, as I outline later in this issue.
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