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U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 Days

May 05, 2023 · 1 min read · 814 points
U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 Days
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Coinbase last week argued the SEC is providing insufficient regulatory guidance for U.S. companies operating in the crypto sector

Highlights

  • The SEC is yet to respond to a 2022 petition asking for formal rulemaking within the digital assets sector.
  • The 10-day deadline ordered this week refers to the SEC’s requirement to provide a legal basis for why it has not responded to the petition.
  • The deadline is part of a request to find out why the SEC is not responding to the request.
  • The SEC has a deadline of 10 days to respond and provide an explanation for why the petition has not yet been approved by the crypto exchange has not been answered by the SEC.

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