A US court has given the Securities and Exchange Commission (SEC) 10 days to respond in the Coinbase case.
Chief Legal Officer of Coinbase, the largest US-based cryptocurrency exchange Paul Grewal In a statement on Thursday, May 4, he said, U.S. Third Circuit Court of Appealsi’s announcement on the SEC. According to Grewal’s quote, the appeals court has asked the SEC to respond to Coinbase’s objections. 10 days period he recognized. In addition, the court up to the SEC that Coinbase’s securities laws how it applies to cryptoassets was ordered to respond to his complaint.
Response from the SEC back return If Coinbase to do 7 days duration will be. Grewal also added to the court’s case carefully due to his approach satisfaction also expressed. Coinbase CEO last week Brian Armstrong and Paul Grewal, while addressing the SEC, the issue of bringing regulatory clarity on the crypto money industry was brought up again.
Coinbase filed a lawsuit against the SEC in late April about the regulations. 50 questions directed and more sharpness regulatory agency for to play fair had invited.