The SEC has been the main actor in the Biden administration’s pressure on cryptocurrencies in the last 4 years. The securities regulator has filed over 100 cases against altcoins and cryptocurrency companies, apart from fraud. But no more gentes He is nearing the end of the road and the story ends for him. So what are the latest developments?
Coinbase and SEC
Continuing its fight against the SEC, Coinbase exchange is involved in processes not only in its own cases but also in different issues. He has long sought to expose the SEC’s irregularities and unconstitutional steps and to prove them in the courts. coinbase He’s trying.
At the time the article was being prepared, Paul Grewal, Legal Counsel of Coinbase exchange, wrote the following about the latest development;
“We just won our application for writ of certiorari in the Third Circuit. We’re not letting the SEC go. For its decision denying our rulemaking petition, the court held that “the SEC’s decision was conclusive and insufficiently reasoned, and was therefore arbitrary and capricious.” Besides coinbase‘s petition and redirected it to the SEC for a full disclosure.”
Judge Bibas’ comments that “later implementation without first announcing rules or guidance” fostered constitutional concerns were also appreciated.
“We appreciate his view that he raises constitutional concerns. “He did an impressive job.”
SEC and Legal Brushes
During his speech to the Senate, Gensler was criticized several times for acting grossly arbitrarily. Ripple 
$2.4 In the ongoing case against the institution’s lawyers, they made such illogical defenses that the court described them as nonsense and changed the institution’s lawyers. SECWe also saw interesting hearings in which he actually rejected himself by rejecting his past statements and steps.
SEC, which reduces the returns made as institutional opinions to personal opinions crypto- has adopted a harsh attitude towards currencies for years. There were days when both the institution and Gensler broke out in cold sweats on this issue. Fortunately, Gensler, who has now resigned, will officially leave office on January 20 and will be replaced by Atkins, who was appointed by Trump.
The new crypto-friendly SEC Chairman is expected to take a much more moderate approach towards the industry. During the election process, Trump clearly stated that he would dismiss Gensler and stated that he would do so because of his attitude towards cryptocurrencies. your falls XRP CoinThis is the main reason why it hasn’t wrapped for a while.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
