Coinbase to SEC: “Can We Get a Straight Answer?!”
Coinbase has decided to sue the SEC, seeking much-needed clarity on digital asset rules. It’s like navigating through a maze of bureaucracy, hoping to find answers.
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The SEC has reopened custody and exchange rules to include digital assets, but it hasn't gone further to draft a specific rule tailored to them. It's like being offered a solution, but only receiving a partial fix.
Furthermore, the Commission has engaged in enforcement actions against various crypto companies, including Coinbase. It's as if the crypto world is caught in a whirlwind of regulatory uncertainties.
The relationship between Coinbase and the SEC seems to be on shaky ground. Will they find common ground, or is this the beginning of a drawn-out battle? The crypto community watches closely, waiting for the next development in this ongoing story.
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