a US judge, SEC Request for guidance from CoinbaseHe demanded a response within a week.
The legal battle between the SEC and Coinbase takes a new dimension with the decision of a US judge. Previously, Coinbase had requested guidance from the SEC. Coinbase, who sent a petition to the SEC on this issue, has not received a response to this petition for more than 9 months.
unresponsive to petition SEC, coinbase He filed a lawsuit yesterday. A US judge, the SEC’s coinbaseShe asked him to respond to a request for guidance from .
SEC Sweats About Coinbase
The SEC may sweat in its moves against Coinbase at the request of a US judge.
Tensions between the SEC and Coinbase date back months. a public crypto exchange coinbase had previously filed a petition with the SEC. This petition contained Coinbase’s request for guidance from the SEC. However, the SEC has not responded to Coinbase’s petition for months.
Later SECput Coinbase’s staking services on its radar, and this situation began to stretch the industry. Coinbase CEO‘This Brian Armstrong, SEC stated that it was inconsistent and did not provide clarity.
The SEC has officially filed a lawsuit against Coinbase the other day, although the environment has been looking calm for a while. This case brought to mind the previous petition.
US Court of Appeals for the Third Circuit, SEC He explained that he has one week to respond to a request for rulemaking and guidance from Coinbase. The request from the court involves the SEC giving a positive or negative response.
The crypto industry, on the other hand, seems happy with this development. SEC , may be inconsistent with its lawsuit if it responds to Coinbase’s request. Because in the petition, the do’s and don’ts for the sector will be expressed. However, if the SEC does not respond to the petition, Coinbase’s hand in the case seems to be getting stronger.
