US SEC is being forced to say yes or no to Coinbase’s pending rulemaking petition
Join Our Telegram channel to stay up to date on breaking news coverage America’s largest cryptocurrency exchange, Coinbase, recently made a move against the US SEC. According to the company’s Chief Legal Officer, Paul Grewal, Coinbase had filed a “narrow action” in federal court. The firm’s intention is to compel the US securities watchdog to make an official response to Coinbase’s rulemaking petition, which the SEC seemingly ignored for nearly a year. BREAKING: Coinbase has filed a lawsuit against the SEC in an effort to push the regulatory body to provide clarity on digital asset regulations. — whalechart (@WhaleChart) April 25, 2023 Coinbase is forcing the SEC to respond The petition was filed in July 2022, requesting that the regulator provides guidance for the crypto industry, which is long overdue. While many other countries managed to establish some level of crypto clarity, the US did not, as the regulators simply continue t...