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Congressional Oversight Fails: Coinbase’s Legal Struggle with the SEC Raises Alarming Questions


by Coin Edition
for CoinEdition
Congressional Oversight Fails Coinbase’s Legal Struggle with the SEC Raises Alarming Questions
  • Coinbase and others must fight in court for clarity on SEC’s regulatory actions.
  • Congressional inaction fuels secrecy, alienating stakeholders in the crypto industry.
  • FOIA requests highlight the SEC’s lack of transparency and accountability to the public.

Private litigants, such as Coinbase, find themselves in the unusual position of having to go to court to get clarity on the U.S. Securities and Exchange Commission’s (SEC) actions and decisions. According to MetaLawMan, a crypto lawyer, this struggle shows a major gap in regulatory oversight.

Despite the considerable funds allocated to Congress for oversight, the absence of proactive measures to address the SEC’s conduct is striking. This situation raises serious questions about the effectiveness of regulatory bodies and their accountability to the public.

Congressional Inaction and Its Implications

The post Congressional Oversight Fails: Coinbase’s Legal Struggle with the SEC Raises Alarming Questions appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Web3 Firm Hashed Emergent Drafts a Crypto Law It Hopes India Will Adopt

Web3 Firm Hashed Emergent Drafts a Crypto Law It Hopes India Will Adopt

A new model law called the COINS Act has been proposed to bring clarity and structure...
Cathie Wood Dumps Coinbase and Roblox for $174M Ethereum Treasury Play

Cathie Wood Dumps Coinbase and Roblox for $174M Ethereum Treasury Play

ARK Invest is going through a major shift as they are twisting the firm’s fund portfo...

Congressional Oversight Fails: Coinbase’s Legal Struggle with the SEC Raises Alarming Questions


by Coin Edition
for CoinEdition
Congressional Oversight Fails Coinbase’s Legal Struggle with the SEC Raises Alarming Questions
  • Coinbase and others must fight in court for clarity on SEC’s regulatory actions.
  • Congressional inaction fuels secrecy, alienating stakeholders in the crypto industry.
  • FOIA requests highlight the SEC’s lack of transparency and accountability to the public.

Private litigants, such as Coinbase, find themselves in the unusual position of having to go to court to get clarity on the U.S. Securities and Exchange Commission’s (SEC) actions and decisions. According to MetaLawMan, a crypto lawyer, this struggle shows a major gap in regulatory oversight.

Despite the considerable funds allocated to Congress for oversight, the absence of proactive measures to address the SEC’s conduct is striking. This situation raises serious questions about the effectiveness of regulatory bodies and their accountability to the public.

Congressional Inaction and Its Implications

The post Congressional Oversight Fails: Coinbase’s Legal Struggle with the SEC Raises Alarming Questions appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Web3 Firm Hashed Emergent Drafts a Crypto Law It Hopes India Will Adopt

Web3 Firm Hashed Emergent Drafts a Crypto Law It Hopes India Will Adopt

A new model law called the COINS Act has been proposed to bring clarity and structure...
Cathie Wood Dumps Coinbase and Roblox for $174M Ethereum Treasury Play

Cathie Wood Dumps Coinbase and Roblox for $174M Ethereum Treasury Play

ARK Invest is going through a major shift as they are twisting the firm’s fund portfo...