Coinbase, the largest regulated US crypto exchange, and the US securities regulator, the Securities and Exchange Commission (SEC) have once again clashed in the courtroom in Philadelphia this Monday.
According to reports, the crypto exchange is pressing the SEC to create new rules for digital assets, while the SEC continues to resist. This is why Coinbase sued the SEC last year, attempting to compel the regulator to act on a petition for rulemaking that Coinbase filed back in 2022.
Coinbase Demands Crypto Regulations But The SEC Continues To Resist
The petition urged the regulator to provide regulatory clarity for industry participants and dictate the circumstances under which a digital asset is a security. Coinbase wanted the SEC to create a new market structure framework that would be compatible with cryptocurrencies, and finally provide the market with rules to abide by.
As things stand now, anyone seeking to launch a crypto project or company risks being sued by the regulator without knowing it or meaning to, simply because no one knows what the regulator would or won’t see as a controversial move.
The SEC denied Coinbase’s petition for the new rules last December, stating that it disagrees with the fact that the current regulations cannot be applied to the crypto sector. Having enough of the SEC’s refusal to cooperate, Coinbase once again asked a federal appeals court to overturn the denial, claiming that the securities regulator has made it impossible for the company to operate and comply with US regulations.
After hearing both sides, the three appeals court judges noted that the SEC does have discretion when it comes to rulemaking priorities. However, it also questioned the regulator as to why cryptocurrencies were not among these priorities.
While the conflict is far from resolved, the crypto sector could see improvement on the regulatory front in 2025, after the new administration takes over, as both Trump and Harris have pledged their support to the crypto industry. With the promise of a better situation in the near future, investors are free to pursue promising new projects, such as Memebet (MEMEBET Token).
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What Do You Need To Know About Memebet?
Membet is a new project that, as the name suggests, combines gaming and meme coins. Simply put, the project is the first Telegram and web casino that allows its players to place bets using meme coins.
The meme coin sector has been the hottest one in the crypto industry throughout 2024, with thousands of new projects launching on numerous major blockchains. But, while individual meme coins may or may not create utilities for themselves, there is a notable lack of use cases for meme coins as a whole.
Memebet Token is one of the first steps to provide something for the entire sector, and this quickly attracted the attention of investors, allowing Memebet’s presale to raise over $277k in under two weeks. This is a strong start for a token, which currently sells for only $0.0253 apiece.
BUY MEMEBET TOKEN BEFORE ITS NEXT PRICE INCREASE
The token is available in exchange for ETH, USDT, BNB, or MATIC, but you can also purchase it using fiat currencies through credit or debit cards. If you buy soon, you can even invest in it before its next scheduled price increase, which is expecte to happen in under 24 hours.
