The United States Court of Appeals for the Third Circuit has examined the United States Securities and Exchange Commission’s denial of Coinbase’s request for crypto rulemaking, questioning its limited reasoning.

Coinbase, a leading crypto exchange in the global and United States market has clashed with the US Security and Exchange

Coinbase and the U.S. Securities and Exchange Commission (SEC) clashed in a Philadelphia federal appeals court on Monday as the cryptocurrency exchange pushed the regulator to establish specific rules for digital assets.

The US Third Circuit Court of Appeals will on Monday hear Coinbase's arguments against the Securities and Exchange's (SEC) denial of its petition to propose new rules for cryptocurrency regulation.

Coinbase and the U.S. securities regulator faced off in a federal appeals court in Philadelphia on Monday as the cryptocurrency exchange pressed the agency to create new rules for digital assets. Coinbase,

Coinbase collided with the SEC Monday as the crypto exchange giant continues to push the Wall Street regulator for crypto-centric rulemaking, which the Commission has refused.

The United States Court of Appeals for the Third Circuit has questioned the SEC’s refusal to provide clear guidelines for the crypto industry. Coinbase had asked the SEC in July 2022 to create rules for securities offered and traded digitally.

Coinbase and the SEC are fighting in federal appeals court as the crypto exchange disputes the SEC’s authority over cryptocurrency. Coinbase has filed an appeal

Coinbase Global (NASDAQ:COIN) asked a federal appeals court on Monday to overturn the Securities and Exchange Commission's denial of the crypto exchange's petition for new rulemaking on crypto in December 2023,