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Commr. Hester Peirce statement on dismissal of SEC action v. Coinbase
Read more: Commr. Hester Peirce statement on dismissal of SEC action v. CoinbaseGetting Back on Base: Statement of Commissioner Hester M. Peirce on the Dismissal of the Civil Enforcement Action Against Coinbase Commissioner Hester M. Peirce Feb. 27, 2025 Today the Commission settled its case against Coinbase by dismissing it with prejudice. I did not support the action against Coinbase. Among other things, I was concerned that…
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Under new leadership, SEC drops actions v. crypto, NFT platforms Coinbase, OpenSea,
Read more: Under new leadership, SEC drops actions v. crypto, NFT platforms Coinbase, OpenSea,With Gary Gensler’s departure as the chair of the SEC, and the new Trump Administration, the SEC is dropping many of its enforcement investigations and actions against crypto and NFT platforms. The dropped actions include:
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Hester Peirce Statement on Crypto Task Force takes shot at Gary Gensler’s approach
Read more: Hester Peirce Statement on Crypto Task Force takes shot at Gary Gensler’s approachOn February 5, 2025, Hester Peirce, SEC Commissioner and Chair of the Crypto Task Force set up by the SEC, issued a strong statement provocatively titled The Journey Begins. In it, she sharply criticized the regulatory approach of former SEC Chair Gary Gensler, though, without naming him: On that last trip, the Commission refused to…
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When Trump takes office, SEC poised to take more crypto friendly approach
Read more: When Trump takes office, SEC poised to take more crypto friendly approachAs Reuters reports, “Top Republican officials at the U.S. Securities and Exchange Commission are poised to begin overhauling the agency’s cryptocurrency policies potentially as early as next week when President-elect Donald Trump takes power, said three people briefed on the matter.” The expected changes include: “Among the measures commissioners Hester Peirce and Mark Uyeda are weighing are…
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Judge Bibas retells history of Securities Act of 1933 and Satoshi Nakomoto’s invention of Bitcoin–and how the SEC is at fault–in Coinbase v. SEC concurrence
Read more: Judge Bibas retells history of Securities Act of 1933 and Satoshi Nakomoto’s invention of Bitcoin–and how the SEC is at fault–in Coinbase v. SEC concurrenceIn his concurrence in Coinbase v. SEC, Judge Stephanos Bibas masterfully recounts, with literary flair, the history of the Securities Act of 1933 and the Securities Act of 1934 in showing how the regulatory framework they established in the first half of the 20th century are a poor fit to Bitcoin and the various cryptocurrencies…
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3rd Circuit decision in Coinbase v. SEC (PDF): SEC acted arbitrary and capriciously in failing to explain adequately denial of Coinbase’s petition for rulemaking on cryptocurrency
Read more: 3rd Circuit decision in Coinbase v. SEC (PDF): SEC acted arbitrary and capriciously in failing to explain adequately denial of Coinbase’s petition for rulemaking on cryptocurrencyIn a major decision, in Coinbase v. SEC, the Third Circuit Court of Appeals ruled that the SEC violated the Administrative Procedures Act, and acted arbitrarily and capriciously, in failing to adequately explain the reasons for denying Coinbase’s petition for rulemaking on the SEC’s approach to crypotocurrency. Coinbase had petitioned the SEC to “promulgate rules…