A lawyer for the crypto exchange said the agency still hasn’t explained its reasoning for denying a request for guidelines as to how it determines what is a security.

The United States Court of Appeals for the Third Circuit has examined the United States Securities and Exchange Commission’s denial of Coinbase’s request for crypto rulemaking, questioning its limited reasoning.

The Third Circuit Court grilled the SEC for not giving a solid reason when it denied Coinbase’s request for clear crypto regulations. Coinbase asked the SEC to create specific rules for crypto assets in July 2022, but the SEC rejected the request with a vague two-page denial.

Coinbase and the U.S. securities regulator faced off in a federal appeals court in Philadelphia on Monday as the cryptocurrency exchange presses the agency to create new rules for digital assets.

Coinbase Global (COIN) asks an appeals court to overturn SEC's denial of its petition for new crypto rules, saying the current framework is 'impossible.'

The US Third Circuit Court of Appeals will on Monday hear Coinbase's arguments against the Securities and Exchange's (SEC) denial of its petition to propose new rules for cryptocurrency regulation.

Cryptocurrency exchange Coinbase Global Inc. urged a federal appeals court to force the US Securities and Exchange Commission to create new rules that would govern digital assets and help end a long legal fight between the industry and regulators.

Coinbase faces short-term headwinds, but long-term growth potential remains strong as crypto assets become mainstream. See why I remain neutral on COIN stock.

Coinbase and the SEC are fighting in federal appeals court as the crypto exchange disputes the SEC’s authority over cryptocurrency. Coinbase has filed an appeal

Coinbase collided with the SEC Monday as the crypto exchange giant continues to push the Wall Street regulator for crypto-centric rulemaking, which the Commission has refused.