Coinbase Wins Partial Victory In SEC Regulatory Challenge, Court Calls Agency's Stance 'Arbitrary' - Coinbase Glb (NASDAQ:COIN)
1. Court criticized SEC's arbitrary denial regarding crypto rulemaking for Coinbase. 2. SEC must provide better reasoning for rejecting Coinbase's 2022 petition. 3. Ruling pressures SEC amid ongoing enforcement actions against crypto firms. 4. Coinbase stock rose 1.67% after hours, recovering from Monday's decline.