COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Coinbase Continues Fight for Regulatory Clarity Amidst SEC Standoff
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency Exchanges > Coinbase Continues Fight for Regulatory Clarity Amidst SEC Standoff
Cryptocurrency ExchangesCryptocurrency News

Coinbase Continues Fight for Regulatory Clarity Amidst SEC Standoff

In Brief

  • US courts have recently been abuzz with participants from escalating crypto lawsuits. Coinbase, determined for victory, aims to secure legal regulations favorable to cryptocurrencies through the judicial pathway. These ongoing battles will undoubtedly shape the future legal standards for digital currencies. ContentsCrypto Says No Coinbase Baffled  Crypto Says No  A resounding ‘no’ to regulations, legal advisories, guidance, […]
İlayda Peker
İlayda Peker 2 years ago
Share
SHARE

US courts have recently been abuzz with participants from escalating crypto lawsuits. Coinbase, determined for victory, aims to secure legal regulations favorable to cryptocurrencies through the judicial pathway. These ongoing battles will undoubtedly shape the future legal standards for digital currencies. 

Contents
Crypto Says No Coinbase Baffled 

Crypto Says No 

A resounding ‘no’ to regulations, legal advisories, guidance, and anything to do with crypto is what the SEC has been doing for a while now. The SEC responded to Coinbase following a court’s demand for clarity, giving the Commission a seven-day period to reply. The regulatory body expressed the need for the “mandamus petition to be dismissed.” A mandamus forces a government body into action to fulfill its obligations. 

SEC lawyers stated, “The Commission has not yet decided what, if any, action it will take on this petition in whole or in part – which considering the broadness of the rulemaking petition and its submission only months ago and recently finalized by Coinbase is entirely reasonable.” However, the agency predicts that “the Commission staff should be able to make a recommendation to the Commission regarding Coinbase’s rulemaking petition within the next 120 days.” 

Coinbase Baffled 

Coinbase’s Chief Legal Officer, Paul Grewal, shared in the early hours today that the recent response did not satisfy them. Clearly, the court-compelled answer from SEC was not of the desired nature. Coinbase is demanding regulatory clarity, such as how certain altcoins are declared as securities and how exchanges should operate. 

Grewal stated, “Despite the court’s clear order, they refuse to commit to any deadlines. Instead, they anticipate sending a ‘recommendation’ within 120 days. They ignore the President’s open declarations confirming no intention to make new rules, and instead merge evidence of this declaration being a decision with the claim that the declarations themselves are a decision.” 

The court was particularly interested in whether SEC was maneuvering to reject Coinbase’s rulemaking petition, or if SEC needed more time to digest the petition. Late in May, Coinbase submitted a mandamus petition asking the court to inspect the regulatory body’s regulatory approach to crypto. However, this seems not to have been very fruitful. 

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Coinbase Launches Round-the-Clock Bitcoin Futures in the US

Goldman Sachs Embraces Cryptocurrency with New Investments

U.S. Markets Fuel Surge in Cryptocurrency Values

US Makes Bold Moves in Tariff Negotiations Sparking Crypto Market Surge

Cryptocurrencies Rise While CAPO Warns of Key Market Levels

İlayda Peker 14 June, 2023 - 12:20 pm 14 June, 2023 - 12:20 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Binance CEO Dismisses Rumors About Bitcoin Sale Amid Market Rumblings
Next Article Cardano’s Harsh Freefall Amidst Altcoin Market Crash: What’s Next?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Binance Spurs a Twist as Doodles Token Value Dips
Binance
ARK Invest Predicts Massive Bitcoin Rise by 2030 with Compelling Insights
Bitcoin (BTC)
Coinbase Launches Round-the-Clock Bitcoin Futures in the US
Cryptocurrency News
Goldman Sachs Embraces Cryptocurrency with New Investments
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?