Coinbase demands SEC respond to rulemaking petition

Coinbase demands SEC respond to rulemaking petition



Coinbase is taking strategic actions to gain an upper hand in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC).



To address the SEC's request for an additional 120 days to respond to Coinbase's rulemaking petition, the crypto exchange has filed a strong response in the U.S. Court of Appeals for the Third Circuit. Coinbase's Chief Legal Officer, Paul Grewal, emphasized the urgency of the situation and highlighted the SEC's lack of responsiveness to a previous court order, which is uncommon for a government entity.



On June 13, the SEC sent a letter to the court seeking an extension to respond to Coinbase's petition, stating that it has not yet determined its course of action. Coinbase contends that it initially filed the petition in the summer of 2022 and accuses the SEC of intentionally avoiding


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