The U.S. Securities and Exchange Commission (SEC) has responded to a petition asking Coinbase to clarify regulatory uncertainties.
There has been a new development in the ongoing tension between the SEC and Coinbase. The regulator, in its response to Coinbase’s official court letter on May 15, stated that it was not required to respond to the exchange’s request. regulatory authority at the point the uncertainty continued to pursue.
SEC in its official response to regulate cryptocurrency markets it could take years And not needed a separate regulatory framework for cryptocurrency markets. by not creating Only with sanctions He said he could continue to run.
Also President by Gary Gensler about subject to the public SEC’s official views of its statements will not reflect and at this point basically cannot be taken declaring the details mentioned was among.
Reply from Coinbase
Coinbase Chief Legal Officer Paul Grewal Posted on his official social media account in the shipmentarguing that the regulator continues its ambiguous stance. in criticism found.
Grewal says that the regulator’s stance on this is quite comfortable And cursory that and final from the decision will be affected millions the actor doesn’t care like that you behave implied.
Chief Legal Officer, next week opportunity to respond impatiently expected and the court careful at the point of evaluation He said they wanted him to behave.
The exchange has recently covered the SEC’s cryptocurrency markets. arrangement in order to obtain an official answer as to whether he has the authority had applied to the court. to the subject will bring clarity anticipated lawsuit by cryptocurrency market actors with interest was being followed.