U.S. Court Orders SEC to Reassess Crypto Rules as Trump Inauguration, Pro-Crypto Congress Shift Regulatory Landscape
The judges stopped short of forcing the SEC to draft new rules but said regulators must clearly outline how they plan to oversee digital assets.
A federal appeals court has ordered the U.S. Securities and Exchange Commission (SEC) to more thoroughly explain its refusal to set out clear cryptocurrency regulations, a move coming just days before President-elect Donald Trump’s inauguration and amid a wave of newly elected pro-crypto lawmakers in Congress.
The U.S. Court of Appeals for the Third Circuit ruled this week that the SEC’s rejection of Coinbase’s request for explicit crypto guidelines was “arbitrary and capricious,” calling on the agency to provide a detailed rationale.
Political Shake-up Fuels Scrutiny
The ruling…
