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Breaking: #Coinbase Challenges #SEC Denial: Filing Closing Brief in Rulemaking Dispute

🔵Today Coinbase Filed closing brief challenging SEC's denial of rulemaking petition in Third Circuit.

🔵Core of case revolves around a single sentence in SEC order lacking reasoned decision-making.

🔵Argues SEC lacks proper authorization from Congress to claim broad jurisdiction over new industry without clear rules.

🔵Third Circuit's consideration appreciated; commitment to advocating for industry clarity reiterated.

#Crypto #CryptoNews #TheSEC #Legal #Law #Regulation
🚨 Big News in Crypto Regulation! 🚨

CFTC Chairman Behnam announces that an Illinois court has officially classified Bitcoin and Ethereum as digital commodities under the Commodity Exchange Act! 🎉 This significant ruling places $BTC and $ETH under CFTC jurisdiction, contrasting SEC Chairman Gensler's view that 70-80% of cryptocurrencies are securities.

Behnam's call for legislative measures to enhance CFTC oversight and investor protections shows a proactive approach to balancing regulation and innovation. This decision sets a precedent for the future and could boost market confidence and growth.

Stay tuned as we navigate this exciting and evolving DeFi landscape! 🌐💡 #Crypto #Bitcoin #Ethereum #Regulation #CFTC #SEC #DeFi

https://coinpedia.org/news/cftc-chairman-declares-btc-and-eth-are-not-securities/