Coinbase Sues SEC over Silence on 2022 Rulemaking Petition

Coinbase has filed a suit
against the Securities and Exchange Commission (SEC
Securities and Exchange Commission (SEC)

The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha

The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha
Read this Term) for failing to respond to
its July 2022 petition that asked the US securities watchdog to provide
guidance for the cryptocurrency industry using its formal rulemaking process.
The crypto exchange disclosed the suit on Monday, noting that it simply
requested that the federal court “ask the SEC to share its decision” on the
petition.