Court orders the SEC to respond to Coinbase’s crypto regulation petition
According to the court’s order, the Commission must disclose the country’s cryptocurrency regulations within 10 days
04.05.2023 - 08:30
270
2 min
0
What’s new? The US District Court has ordered the Securities and Exchange Commission (SEC) to respond within 10 days to Coinbase’s petition about the country’s cryptocurrency regulation rules. The company has seven days to respond to the feedback. Coinbase’s Chief Legal Officer Paul Grewal announced this on Twitter, thanking the court for its “careful consideration of this matter.”
The Third Circuit just issued a text-only order directing the SEC to file a response to our mandamus petition within 10 days (and gave us 7 days for a reply). Here’s the text of the order:TEXT ONLY ORDER (Clerk) At the direction of the Court, Respondent is ordered to file an… — paulgrewal.eth (@iampaulgrewal) May 3, 2023
What is known about the situation? Coinbase has filed a lawsuit against the SEC, demanding that rules regulating the crypto industry be made public after the Commission notified the exchange of possible violations of securities laws. This is not the company’s first appeal to the agency. Coinbase, for example, demanded in a July 2022 petition that the regulator provides guidance and rules for the community.
In response to the SEC’s attacks, exchange CEO Brian Armstrong urged cryptocurrency users to “elect pro-crypto candidates.” He said that Coinbase would work hard to organize the roughly 50 million American citizens who use cryptocurrencies into a political force.
Armstrong later said that the exchange could leave the US market if a clear regulatory environment for the crypto industry is not adopted.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$88 081
BTC
-5.1%
-
Ethereum
$3 084.76
ETH
-7.05%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.388145
DOGE
-6.94%
-
Ripple
$0.712626
XRP
+0.15%
-
Cardano
$0.548857
ADA
-7.94%
-
Bitcoin Cash
$420.27
BCH
-4.51%
-
Polkadot
$4.83
DOT
-10.48%
-
Litecoin
$78.46
LTC
+2.08%
-
Stellar XLM
$0.122996
XLM
-6.57%