The U.S. Securities and Exchange Commission (SEC) stated in a June 13 court filing that it has not yet decided on requests from Coinbase.
SEC says it hasn’t decided on rulemaking
In July 2022, Coinbase petitioned the SEC to engage in rulemaking for the cryptocurrency industry, seeking clear regulatory guidelines. Later, in April 2023, Coinbase submitted a court filing requesting a writ of mandamus that would compel the SEC to act on their rulemaking petition.
On June 7, 2023, courts ordered the SEC to answer specific questions within seven days. This prompted the SEC’s latest letter, arguing that Coinbase’s “extraordinary” request for a writ of mandamus within seven days is without merit.
The SEC stated that it has not decided what action to take regarding Coinbase’s rulemaking petition, nor has it decided to deny it. The regulator also said there should be no specific deadline for any decision it might make. Furthermore, it said it should not be compelled to provide period
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