{"id":5359,"date":"2023-10-14T11:05:29","date_gmt":"2023-10-14T11:05:29","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=5359"},"modified":"2023-10-14T11:05:29","modified_gmt":"2023-10-14T11:05:29","slug":"coinbase-increases-pressure-against-sec","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-increases-pressure-against-sec\/","title":{"rendered":"Coinbase Ramps Up Pressure Against SEC!"},"content":{"rendered":"

Coinbase,<\/strong> has increased its pressure for a court order due to SEC<\/strong> not responding to a petition regarding crypto<\/strong> regulation<\/strong>.<\/p>\n

Coinbase has requested a mandamus (Mandamus is a legal recourse in the form of an order from a court to any government, lower court, corporation or public authority to perform a certain action that this body is legally required to perform and is of a public nature.) to be issued within 30 days to force the SEC to accept or reject the petition.<\/p>\n

You Might Be Interested: SEC Won\u2019t Appeal The Court\u2019s Decision on the Grayscale ETF!<\/strong><\/em><\/a><\/p><\/blockquote>\n

The SEC presented a case update on October 12, giving an ambiguous response to Coinbase\u2019 s petition. However, it did not share details. Coinbase’ s chief legal officer Paul Grewal<\/strong> criticized the SEC and called for a mandamus to force them to explain their intentions.<\/p>\n

In his post on X<\/strong>, Grewal claimed \u201cthe SEC’s non-illuminating report is nothing more than a bureaucratic pantomime. It also is nothing other than a mandamus<\/strong> will compel the institution to take its obligations seriously\u201d.<\/p>\n

Coinbase had requested the SEC to establish clear rules for regulating the crypto market with the rule-making petition it submitted in July 2022. However, due to the SEC’s non-response, Coinbase had applied for a court order.<\/p>\n

Also, SEC may respond at the end of October or the beginning of November. These developments increase the uncertainty about the regulation of the crypto market<\/strong> and the determination of rules.<\/p>\n

\n

In the comment section, you can freely share your comments about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase, has increased its pressure for a court order due to SEC not responding to a petition regarding crypto regulation. Coinbase has requested a mandamus (Mandamus is a legal recourse in the form of an order from a court to any government, lower court, corporation or public authority to perform a certain action that this<\/p>\n","protected":false},"author":1,"featured_media":5358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[151,1983,39,1650],"class_list":["post-5359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-coinbase","tag-paul-grewal","tag-sec","tag-x"],"yoast_head":"\nCoinbase Ramps Up Pressure Against SEC! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Coinbase, has increased its pressure for a court order due to SEC not responding to a petition regarding cryptocurrency regulation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-increases-pressure-against-sec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Ramps Up Pressure Against SEC! 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