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The ten days that the SEC had to respond to Coinbase are up.

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by COINS NEWS 106 Views

Has anyone heard about what happened here? I can't find any articles on whether or not the SEC responded or not.

In case you missed it: The U.S. Court of Appeals for the Third Circuit responded to the complaint against the U.S. Securities and Exchange Commission (SEC) regarding the need for clear regulations for trading digital assets, according to a May 4 release from Coinbase chief legal officer Paul Grewal. Grewal claims that the court issued a text-only order in response to their lawsuit about the SEC. The SEC has been given 10 days to respond to Coinbase's writ of mandamus by the court. A writ of mandamus is a court order directing a subordinate government official to carry out their duty properly. Grewal reported that Coinbase has been given permission by the court to respond to the SEC's answer within seven days after the filing.

submitted by /u/_Jimmy_Rustler
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