According to a May 4 announcement from Coinbase Chief Legal Officer Paul Grewal, a U.S. court has responded to a complaint with the U.S. Securities and Exchange Commission (SEC) regarding the need for clear regulation for cryptocurrencies. trading digital assets This is a progression in the legal battle for regulatory clarity.
followGrewal said the court’s response to the complaint to the SEC was a text-only order. The court ordered the SEC to respond to Coinbase’s order within ten days.
Grewal stated that the court had given Coinbase the right to file a complaint with the SEC within seven days of filing the complaint. He also expressed his gratitude for the thorough consideration of the court case.
Coinbase filed a lawsuit in April. It asked the court to compel the SEC to make its position public in a petition submitted months ago.petition Coinbase has asked 50 questions about the regulatory compliance of certain digital assets. which has a variety of questions It covers topics such as how tokens are classified as securities. and seeking clarity on other matters
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