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News Explorer — U.S. Court Gives SEC One Week to Respond to Coinbase's Rulemaking Petition

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Jun 7, 6:18 am
Coindesk

U.S. Court Gives SEC One Week to Respond to Coinbase's Rulemaking Petition

The U.S. Securities and Exchange Commission (SEC) has been ordered by the United States Court of Appeals for the Third Circuit to clarify its position on a rulemaking petition from cryptocurrency exchange Coinbase (COIN). The SEC must explain within 7 days if it intends to decline Coinbase’s request, the reasons for such a decision, or a timeline of when it expects to come to a decision. Additionally, the SEC must explain why the court shouldn't keep overseeing the case and why the SEC shouldn’t provide Coinbase with regular updates on rulemaking.

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