Coinbase sues SEC after months of silence from federal regulator
Publishing timestamp: 2023-04-25 09:04:58
Summary
Coinbase has filed a lawsuit against the SEC, asking a federal judge to force the regulator to publicly share its answer to Coinbase's July 2022 petition on whether existing securities rule-making processes could be extended to the crypto industry. The SEC has not given a specific public response to the petition, but has pursued enforcement actions against individuals and entities in the crypto industry. Coinbase's move comes after it was warned by the SEC of pending legal action through a Wells notice. The company is seeking regulatory clarity for the industry.
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Keywords: cryptocurrency exchanges, breaking news: technology, cryptocurrency, coinbase global inc, business news, fintech, technology, investment strategy, products and services,