The Conflict Between Coinbase and SEC Continues

The U.S. Securities and Exchange Commission (SEC) recently informed a court that Coinbase didn’t provide enough evidence for the SEC to create new rules for the cryptocurrency industry .

The SEC Has Been Pursuing The Crypto Industry, Especially Coinbase For A Long Time

The SEC has been actively pursuing the regulation of the crypto industry with a particular focus on Coinbase for a significant period of time . They have requested the court to reject Coinbase’s petition . The SEC stated that they are still evaluating the application and have not yet made a decision .
In July 2022 Coinbase submitted a petition to the SEC seeking regulatory clarity on digital assets . As part of an ongoing legal dispute Coinbase filed a Mandamus with the U.S. Third Circuit Court of Appeals last month and the SEC issued a Wells Notice during the same week .

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