Appeals Court's Ruling on Coinbase's Attempt to Influence SEC Rulemaking

Ruling Highlights:

In a sometimes forceful condemnation, an Appeals Court has ruled in no uncertain terms that Coinbase cannot force the SEC to write new rules.

Implications:

• This decision establishes clear boundaries between private entities and regulators.
• It reinforces the principle of regulatory independence in the financial sector.
• The ruling sends a strong message against attempts to influence regulatory bodies.