America’s largest crypto exchange Coinbase has responded to the Securities and Exchange Commission. The move follows a refusal to provide clarity on crypto regulations following a petition.
On May 23, Coinbase Chief Legal Officer Paul Grewal said that the firm has replied to the SEC’s arguments against its petition for a writ of mandamus.
“Mandamus is the tailor-made remedy for the extraordinary facts presented here. We continue to appreciate the Court’s consideration,” he added.
Mandamus is a writ issued by a court requiring a public official or entity to perform a duty associated with that office, in this case, the SEC.
Coinbase vs SEC Battle Continues
Coinbase filed a petition in July 2022 asking the SEC to provide overdue guidance for the crypto industry. It has since been ignored. In April, the firm filed again in a move to spur the regulator into responding to the petition.
The SEC responded earlier this month,…
