Coinbase, the largest US cryptocurrency exchange, has made a new statement accusing the Securities and Exchange Commission (SEC) of violating court orders.
coinbase 16 June In its new statement to the court on regulatory clarification request to give an answer 120 days period requesting court order refrain from applying suggested.
Despite a court order, the SEC recently did not respond to Coinbase’s request, asking for 120 days. Coinbase, that go against court orders claimed to be.
The Coinbase statement included the following statements on the subject:
Although the SEC was commissioned by the court to explain the apparent contradiction between its case position and its other actions and statements, it still repeats its previous statements rather than providing clear answers.
Coinbase Chief Legal Officer Paul Grewal made on the subject in the statementthe SEC net even for an answer how long it takes about not being certain more to take action futility of delay said that.
of the SEC active to the crypto industry that you hurt In this context, Grewal stated that the court through the judiciary to get an answer (mandamus act) repeated the phrases used in the declaration when calling:
At the very least, the court should order the commission to report its actions in place of a “prescribed staff recommendation” within 60 days at the latest, and initiate mandamus action in case of non-compliance.
