Fifth Circuit Dismisses Coinbase Challenge to SEC Broker-Dealer Rule, Crypto Crackdown Remains Intact
SEC Slapped Down: Fifth Circuit Tosses Coinbase Rule Challenge The Fifth Circuit Court of Appeals on April 17, 2025, dismissed Coinbase’s challenge to an SEC enforcement action, ruling the exchange failed to prove the agency’s new interpretive rule on broker-dealer status was invalid. This procedural smackdown keeps the SEC’s crypto crackdown alive, signaling regulators hold…
