- Coinbase’s Chief Legal Officer revealed the SEC communicated with the Third Circuit regarding Coinbase’s rulemaking petition.
- The SEC staff submitted a recommendation to the Commission on October 10, but the details are undisclosed.
- Coinbase (NASDAQ:COIN) CEO Brian Armstrong expressed confidence in their legal case against the SEC.
Coinbase’s Chief Legal Officer, Paul Grewal, revealed that the U.S. Securities and Exchange Commission (SEC) 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.
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 pic.twitter.com/eIPTaZrjR3— paulgrewal.eth (@iampaulgrewal) October 11, 2023
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 …
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