SEC Finally Responds to Coinbase Lawsuit
The Breakdown
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The SEC's Response to Coinbase's Petition for a Writ of Amandis
Coinbase filed a writ of amandis asking the court to require the SEC to respond just yes or no on whether it will undertake rulemaking for our industry. Today's filing may be the first time when the SEC has formally explained in court its views on whether and how the SEC should create rules for the crypto industry. The SEC told the court that rulemaking may take years and they're in no rush. But not to worry, those enforcement actions may eventually inform not yet planned rulemaking.
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