Crypto News: SEC Refuses To Commit Deadline in Coinbase Crypto Clarity Case
Also Read: Hinman Emails Depicts SEC Fovoured Ethereum Over Other Cryptos advertisement SEC Seeks 4 Additional Months To Reply As per the court filing, the U.S. SEC stated that it has not decided what action needed to take on the rulemaking petition. It added that the order refers to enforcement actions and statements by the SEC Chair, however, it does not demonstrate a decision to reject the exchange’s rulemaking petition. The commission has asked for additional 120 days to reply to the crypto clarity request. Paul Grewal, Chief Legal Officer of Coinbase mentioned that the U.S. SEC repeated the fallacy that they haven’t decided to take any action to serve new crypto rules. The commission has completely refused to commit to any clear deadline despite facing a court’s explicit order. It is important to note that the commission has entirely ignored the statements made by its Chair that eventually confirm that they have no intention to issu...