SEC's Response to Crypto Clarity Requests Leaves Industry Uncertain.
Originally Published 2 years ago — by Cointelegraph
The US Securities and Exchange Commission (SEC) has requested an additional 120 days to respond to Coinbase's request for regulatory clarity on crypto. The SEC said it has not decided what action to take on the petition in whole or in part and claimed Coinbase's request for a writ of mandamus has "no merit." Coinbase's Chief Legal Officer, Paul Grewal, criticised the SEC's response, saying it ignored clear statements from SEC Chair Gary Gensler that the SEC has "no intent to issue new rules."