Coinbase Asks Court To Grant Mandamus Amid US SEC Delay Tactics

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Coinbase Not Holding Back Against US SEC

Paul Grewal, Coinbase’s Chief Legal Officer announced that they filed a reply to US SEC’s response in the U.S. Court of Appeals for the Third Circuit filings. He stated that the exchange couldn’t wait for the next deadline as they find it unusual for the government to flout a direct query from a federal court.

The commission in its reply to Coinbase’s rulemaking petition mentioned that it hasn’t decided what action to take on. However, It asked for another 120 days to file a reply to it. The US SEC has been alleged of filing enforcement actions against the crypto linked business in the absence of clear regulations around it.

Coinbase Legal Chief stated that the court should grant mandamus to them now as the US SEC has decided not to permit the crypto exchange’s petitions

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