Circuit

April

Coin

<ul class="news-points"> 
 <li><strong>Coinbase’s Chief Legal Officer revealed the SEC communicated with the Third Circuit regarding Coinbase’s rulemaking petition.</strong></li> 
 <li><strong>The SEC staff submitted a recommendation to the Commission on October 10, but the details are undisclosed.</strong></li> 
 <li><strong>Coinbase CEO Brian Armstrong expressed confidence in their legal case against the SEC.</strong></li> 
</ul> 
<p>Coinbase’s Chief Legal Officer, Paul Grewal, revealed that the U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a> has communicated with the Third Circuit regarding Coinbase’s rulemaking petition, marking progress in their legal dispute. However, the details of the SEC’s response remain vague, causing concern.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Today the SEC provided its court-ordered update to the Third Circuit in Coinbase’s mandamus action: yesterday the SEC staff made some kind of recommendation to the Commission related to our rulemaking petition. That’s it. That’s the whole update. 1/3 <a href="https://t.co/eIPTaZrjR3" target="_blank" rel="nofollow">pic.twitter.com/eIPTaZrjR3</a></p>— paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1712205972884926791?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 11, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Back in April 2023, Coinbase filed a mandamus petition, seeking the SEC’s prompt response to their July 2022 rulemaking appeal. After the 120-day period given by the Court, on October 10, the SEC staff submitted …</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/sec-responds-to-coinbases-rulemaking-petition-details-remain-shrouded/">SEC Responds to Coinbase’s Rulemaking Petition; Details Remain Shrouded</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

SEC Responds to Coinbase’s Rulemaking Petition; Details Remain Shrouded

Coin Edition

Other articles published on Oct 12, 2023

FinDaS Launches Innovative Products To Empower Crypto Startups in Building Thriving Token Economies

Crypto Selling Pressure Intensifies Following Higher-Than-Expected CPI

Whale Moves $11.5 Million Ripple (XRP) to Exchange Amid Ongoing Transfers

Deciphering Bitcoin Unpredictable Dive Amid a Flourishing Stock Market

TRON Crashes Into An Overbought Region

Market Maker Giant GSR Continues to Add This Altcoin to Its Holdings: 20 Percent of Supply in its...

Join our free newsletter for daily crypto updates!