Coinbase asked a court to monitor the SEC’s response to its request.
According to Coinbase, the SEC has evaded rulemaking requests for years.
The bitcoin (BTC) and cryptocurrency exchange Coinbase alerted that the United States Securities and Exchange Commission (SEC) maintains its campaign against the cryptoactive industry, which involves enforcement actions and accusations.
In a letter, the company led by Brian Armstrong responded to the SEC’s refusal to clarify how US federal securities laws. apply to the crypto asset market.
In Coinbase’s opinion, this federal agency “has demonstrated its intention to continue its enforcement campaign against the cryptocurrency industry,” instead of considering the request made by the exchange several weeks ago.
According to Coinbase, the SEC is not just ignoring the request made by them. They ensure that “for years,” the office has evaded other rulemaking requests related to digital assets.
In this sense, the cryptocurrency company requests, at a minimum, that the Court handling the case maintain its jurisdiction “to monitor the agency’s progress toward a decision.”
“That tried-and-true procedure would allow the Court to ensure that the SEC actually considers Coinbase’s petition and decides whether to engage in rulemaking that the industry and lawmakers agree is urgently needed.”
Coinbase, bitcoin and cryptocurrency exchange.
Follow the dispute between Coinbase and the SEC
Coinbase’s response comes just a week after the US securities regulator publicly announced that I was not going to respond to the exchange requestmade almost a year ago.
As reported by CriptoNoticias, the SEC pointed out that the request should be denied and that Coinbase had made “unsubstantiated claims” about the little interest of that agency. in responding to the request for regulatory clarity.
That refusal was known after the judicial pressure he received from a court, which ordered the regulator to respond to Coinbase’s requestthe exchange that took legal action against the SEC almost a month ago.
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