- Coinbase has taken the SEC to court for clear crypto rules.
- The SEC has asked the court to dismiss the case.
- Coinbase has reiterated its stance in the case seeking court intervention.
The fight for clear crypto regulatory guidelines in the United States continues to rage, with Coinbase at the frontline.
The crypto exchange in April dragged the U.S. Securities and Exchange Commission to court seeking a “yes or no” response to a July 2022 petition for clarity on what digital assets constitute securities—the SEC last week urged the court to deny Coinbase’s request to force it to respond to the rulemaking petition.
Coinbase, however, has no intentions of backing down, as revealed in a recent court filing.
Coinbase Maintains SEC Has Made Up Its Mind
Coinbase Chief Legal Officer Paul Grewal revealed that the crypto exchange had filed a response to the SEC’s arguments in a tweet on Monday, May…
