
Coinbase is looking to force the United States Securities and Exchange Commission to respond to its rulemaking petition seeking rules for the crypto industry, a request that’s been pending since July.
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The attorneys for brothers Ishan and Nikhil Wahi want the case thrown out, arguing that the Securities and Exchange Commission was wrong when it charged the pair.
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“The Council recommends that state and federal regulators review available regulations and tools that could be applied to digital assets,” says the FSOC.
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