The legal battle between Coinbase and the SEC continues.
The SEC lit the fuse when it sent Coinbase a Notice of Investigation in March.
The company later sued the SEC for failing to say what rules should be applied to the crypto sector and therefore respected.
Today, Coinbase’s chief legal officer, Paul Grewal, said the Third Circuit had issued an order directing the SEC to file a response to the 2022 petition within 10 days.
The Third Circuit just issued a text-only order directing the SEC to file a response to our mandamus petition within 10 days (and gave us 7 days for a reply). Here’s the text of the order:
TEXT ONLY ORDER (Clerk) At the direction of the Court, Respondent is ordered to file an…
— paulgrewal.eth (@iampaulgrewal) May 3, 2023
Coinbase files petition with SEC
In July last year, Coinbase sent a petition to the SEC asking what rules should be adopted to regulate securities offered and traded through “digital native methods”.
The SEC never respond
We współpracy z: https://en.cryptonomist.ch/2023/05/04/coinbase-puts-sec-spot/
