Coinbase keeps up its pressure on the SEC to respond to its petition for crypto rulemaking.
Coinbase’s Chief Legal Officer, Paul Grewal, has once again resorted to a mandamus, compelling the SEC to provide a response to the crypto rulemaking petition submitted by the company. Coinbase is reinforcing its pursuit of a court-ordered directive, pressuring the United States Securities and Exchange Commission (SEC) into taking action on the cryptocurrency rulemaking petition it has put forth. Coinbase is insistent on the issuance of a mandamus within the next 30 days, compelling the SEC to furnish an official response regarding its acceptance or rejection of the petition. The SEC delivered a long-awaited status update on October 12, which offered vague indications, mentioning that “commission staff provided a recommendation” to the SEC regarding Coinbase’s petition without divulging any further details. On October 13, in a post on the platform formerly known as Twitter, Coinbase’s Chief Legal Officer, Paul Grewal, launched a scathing critique against ...