The SEC says it needs another four months to respond to a rulemaking petition filed in the Third Circuit Court of Appeals by crypto exchange Coinbase.
Highlights
- The SEC says it needs another four months to respond to a rulemaking petition filed by crypto exchange Coinbase.
- The regulator says it has not decided what action to take on that petition in whole or in part.
- The court’s order to the SEC came the same day the regulator sued the crypto exchange for offering unregistered securities and operating an unregistered stock exchange.
- The SEC said it would be able to make a recommendation on the petition for rulemaking “within the next 120 days’s” response “in whole or part” in the next four months, the court’s June 6 order asked the regulator to address if it needs more time to respond.
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