US Court Orders SEC to Respond to Coinbase's Petition within 10 Days

US Court Orders SEC to Respond to Coinbase's Petition within 10 Days

Paul Grewal, Chief Legal Officer of Coinbase, said on Twitter that the Third Circuit had issued an order directing the Securities and Exchange Commission (SEC) to file a response to Coinbase's petition for formal rulemaking in the digital assets sector within 10 days. Coinbase can reply within 7 days. The order is as follows:

"At the direction of the Court, Respondent is ordered to file an answer to the petition for writ of mandamus within 10 days of the date of this order. Petitioner may file a reply to the response within 7 days of the date of filing of the response."

Last week, Coinbase filed an action in federal court, requesting the SEC to respond to a petition filed by Coinbase last year, which seeks regulatory clarity around how existing securities laws might apply to digital assets.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Coinbase

SEC

Policy and Regulation

In This Article

Related News
Circle Claims Stablecoins Aren't Securities in Amicus Curiae Brief of SEC-Binance Case Circle Claims Stablecoins Aren't Securities in Amicus Curiae Brief of SEC-Binance Case
US SEC Delays Decisions on VanEck and Ark 21Shares Spot Ethereum ETFs, to Accelerate Launch of Ethereum Futures ETFs US SEC Delays Decisions on VanEck and Ark 21Shares Spot Ethereum ETFs, to Accelerate Launch of Ethereum Futures ETFs
SEC Delays Decision on Ark 21Shares Spot Bitcoin ETF SEC Delays Decision on Ark 21Shares Spot Bitcoin ETF
China Pacific Insurance Group's Subsidiary License Upgrade to Provide Virtual Asset Service in HK China Pacific Insurance Group's Subsidiary License Upgrade to Provide Virtual Asset Service in HK
Top Exchanges' Weekly Trading Volume Below $400B Again Last Week Top Exchanges' Weekly Trading Volume Below $400B Again Last Week
Latest News More More
8 Hours Ago Circle Launches Circle Research and Perimeter Protocol
1 Day Ago Three Arrows Capital Co-Founder Zhu Su Apprehended in Singapore, Sentenced to 4-Month Imprisonment
1 Day Ago RWA Sector Grows Fast with Market Cap Increases 60% in 2023, TokenInsight Report Shows
2 Days Ago Oracle Project Supra Closes Over $24 Million in Funding with Coinbase Ventures Involved
2 Days Ago 1xBit Adds Two Exclusive Deposit Methods – Arbitrum and Algorand
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open