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Thursday, August 8, 2024
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    HomeFinanceSEC strikes to dismiss Coinbase's petition over imminent cryptocurrency rules

    SEC strikes to dismiss Coinbase’s petition over imminent cryptocurrency rules

    The US Securities and Alternate Fee (SEC) has lastly filed a proper response in courtroom to Coinbase’s petition for clear regulation of cryptocurrencies, saying any rulemaking might take years and enforcement actions will proceed.

    Based on courtroom paperwork filed Might 15 The SEC stated it was not required to adjust to Coinbase’s (NASDAQ: ) calls for in its petition, but additionally argued that the corporate had known as for advanced reforms and guidelines in an unreasonably quick time-frame. Period of time.

    Excerpt from the SEC’s response to the Coinbase petition. Supply: Courtlistener

    Proceed studying Coin Telegraph.

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