Coin-Turk 28 minutes ago
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The Third Circuit Court has partially ruled in favor of Coinbase in its regulatory dispute with the U.S. Securities and Exchange Commission (SEC). This decision could set a precedent for the ongoing case between Ripple 
$3 and the SEC, potentially leading to clearer regulations regarding cryptocurrency.
Ruling Against the SEC
The Third Circuit determined that the SEC’s rejection of Coinbase’s regulatory discussions was unjust. The appellate court has called for the regulatory body to provide clear guidelines and explanations concerning the classification of crypto assets as securities.
James Murphy emphasized that the SEC should await Congress to pass legislation defining market structures before establishing any new rules regarding cryptocurrency. This highlights the need for a more structured regulatory framework.
Expectations …
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