Coinbase, a leading cryptocurrency exchange, has submitted a formal response to the United States Securities and Exchange Commission (SEC) regarding its rulemaking petition. The company is urging the SEC to provide a timely and public response to its appeal, expressing frustration with the lack of communication and transparency from the financial regulator. Coinbase’s Chief Legal Officer, Paul Grewal, criticized the SEC for continuously delaying its response and filed a response with the Third Circuit, requesting a mandamus to compel the SEC to act on the petition. Coinbase argues that the SEC’s recent update is merely a bureaucratic tactic to further delay a judicial review of its decision to deny the rulemaking petition. The company believes that a writ of mandamus is necessary to hold the SEC accountable and has asked the court to issue an order directing the Commission to act within 30 days. Coinbase is also involved in another legal dispute with the SEC, disputing claims that it operated unlawfully without proper registration. The SEC has asked a federal judge to reject Coinbase’s request to dismiss the regulator’s lawsuit.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	1
People	Paul Grewal
Companies	United States Securities and Exchange Commission (SEC), Coinbase, Third Circuit
Currencies	None
Securities	None