Coinspeaker
Crypto Exchange Coinbase Presses for Crypto Regulation amidst SEC Delay
Coinbase Global Inc (NASDAQ: COIN) has once again called for urgent action from the US Securities and Exchange Commission (SEC) regarding the establishment of clear regulatory frameworks for the crypto industry.
In response to a recent letter from the SEC indicating a status report on Coinbase’s crypto rulemaking petition by December 15, the exchange filed a compelling argument in the US Court of Appeals for the Third Circuit on November 22, asking the regulator to expedite the process.
Regulatory Reluctance
The filing submitted by Coinbase’s legal team, led by its chief legal officer Paul Grewal, referenced the SEC’s recent enforcement action against Kraken, another crypto exchange, for violations of federal securities laws.
Coinbase’s legal representatives asserted that the SEC’s handling of the Kraken case, which accused the exchange of commingling customer funds and failing to register app
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