Earlier this week, a three-judge panel in the Third Circuit ruled in favor of coinbase
But what does this ruling mean for the future of crypto regulation in the U.S.?
Coinbase argued that under SEC Chair gary gensler
The SEC has brought similar charges against Binance Holdings, accusing the exchange of operating as a securities exchange, broker, and clearing agency without the required approval. After the recent ruling in the Coinbase case, which ordered the SEC to provide a clearer explanation of crypto regulations under federal securities law, Binance filed a notice of supplemental authority.
Previously, Binance had tried to get the SEC’s case dismissed, arguing that there was not enough evidence to show that digital assets violated the Howey test. On top of that, the U.S. Congress has yet to provide clear guidelines on crypto, leaving the regulatory environment uncertain for both Coinbase and Binance.
As the Biden administration nears the end of its term, many in the cryptocurrency industry are already looking to what could come under the Trump administration. President Trump has appointed David Sacks as the AI and crypto Czar and Paul Atkins as the new Chair of the U.S. SEC.
Experts are optimistic about the incoming administration’s plans for cryptocurrency. Trump has promised several executive orders on his first day, including creating a strategic Bitcoin reserve and ending the debanking of crypto companies. With these changes, many in the industry believe that most of the ongoing crypto-related legal cases will soon be resolved.
“The entire market is relieved. We have a seismic shift in the approach and tone of the government and regulatory agencies,” Frank Chaparro, an early Bitcoin adopter noted.
With these changes on the way, the cryptocurrency industry is hopeful for clearer rules and a more favorable regulatory environment.
Technical analysis shows that the Dogecoin price is poised to gain 33% to 23 cents…
The AT&T subscribers can connect to Helium’s community-built Wi-Fi network. The Helium network has grown…
The crypto markets are experiencing a powerful bullish wave, highlighted by Bitcoin’s breakout and a…
The recent rise in the bullish momentum has elevated the markets above the bearish captivity…
The PayPal USD (PYUSD) stablecoin is fast approaching the $1 billion market cap milestone. The…
The crypto market is in a pivotal phase, marked by trend reversals, mixed short-term performance…