- In a writ of mandamus, Coinbase has accused the SEC of not acting towards creating crypto rules.
- Coinbase is looking for the courts to order the SEC to change its stance.
- The SEC maintains that there are already regulations for crypto – they fall under securities law.
The battle between the SEC and the crypto industry in the U.S. is starting to peak, with Coinbase emerging as the champion for those affected by regulators. In a new court filing, the major exchange made damaging accusations against the SEC.
Coinbase has repeatedly sought clarity on the SEC’s mandate to create a framework for crypto regulation. However, in the latest filing to the Third Circuit of the U.S. Court of Appeals, the exchange has condemned the agency as “the SEC Chair continues to state publicly that there will be no rulemaking.”
Airing Out the Laundry
The filing falls as a writ of mandamus – a judicial remedy from…
