On Tuesday, Coinbase responded to the Securities and Exchange Commission (SEC) by filing a mandamus petition. On Wednesday, Chief Legal Officer Paul Agrawal expressed his view on Twitter, asserting that utilizing a writ of mandamus is the suitable legal recourse for addressing the unique circumstances presented in this case.
Additionally, Agrawal included a link to the corresponding filing in his tweet. Suppose Coinbase’s petition is denied by the SEC. In that case, it is still possible for them to be required, using a mandamus, to address the issue of digital asset regulation following US laws.
Mandamus, a court order designed to ensure compliance by a government body with specific requests, could be gathered to enforce a resolution in this particular regard. Coinbase has raised concerns regarding the SEC’s alleged inaction from two key aspects.
Firstly, the exchange asserts that the SEC failed to…
