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Coinbase called for urgent action from the SEC concerning the draft of a transparent set of rules for the crypto industry.
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The U.S. SEC sued Kraken for mixing user funds and operating business without regulatory approval.
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SEC is making a “Hedge and delay” over the plea: Eugene Scalia lawyer Coinbase.
The leading cryptocurrency exchange, Coinbase, called for urgent action from the U.S. Securities and Exchange Commission (SEC) concerning the draft of a transparent set of rules for the crypto industry.
The recent response letter from the SEC indicated a status report by December 15, 2023, over Coinbase’s petition for framing a clear set of rules for crypto. The chief legal officer of Coinbase, Paul Grewal, submitted the filing referencing the recent SEC action over Kraken for breaching federal securities laws.
According to Coinbase’s legal representatives, the SEC’s handling of the Kraken case, in which the exchange was a
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