Recalling that it is still waiting for a response in the ongoing lawsuit between them and the Securities and Exchange Commission (SEC), Coinbase has filed an appeal with the court.
While the court process between the US-based crypto exchange Coinbase and the SEC continues, the crypto money exchange did not hesitate to remind itself. coinbase 22 May the petition filed with the SEC in July. is still valid And waiting for an answer on the subject stated.
US Court of Appealsoffered to 23 pages application, the SEC you speak differently to everyone nevertheless that they’re all wrong and reminded that despite the process, it has not yet provided any clarity. Which cryptocurrency is at the center of the dispute between the regulator and Coinbase? whether to be considered a security is located.
On the other hand, Coinbase, SEC Chairman Gary GenslerHe claimed that the regulator had already made its decision and was just trying to buy time for now.
The words of the Chairman of the SEC and the actions of the institution reveal that the decision has already been made. The SEC has no intention of entering a constructive rule-making process for the foreseeable future, and this decision may remain unrecoverable indefinitely unless the court grants Coinbase’s mandamus petition.
Recently submitted by the SEC to the Wells statement Referring to Coinbase, the front said that the regulator has demonstrated its belief that current laws on digital assets are clear and acceptable. Accordingly, save time The SEC, which is in trouble, for the sector that it is unlikely to take a constructive step in the near future. expressed.
SEC 16 May In his statement to the court on no obligation to give a clear answer had stated.