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Does the SEC have a response to Coinbase's complaint?

The Securities and Exchange Commission has issued a response to Coinbase’s complaint requesting that the agency establish regulatory clarity for the industry. In an April mandamus petition, Coinbase demanded federal courts to instruct the SEC to act and issue clear guidelines for crypto exchanges and companies.

Why did Coinbase sue the Securities & Exchange Commission?

Coinbase, the largest U.S. crypto exchange, sued the Securities and Exchange Commission last year in an effort to compel the regulator to act on a petition for rulemaking Coinbase filed in 2022.

Does Coinbase have a lawsuit against Grewal?

Grewal and Coinbase CEO Brian Armstrong’s tweet threads about the letter say Coinbase prepared to defend its stance (that the products it offers shouldn’t be considered securities) in court, but so far, no lawsuits or injunctions have been filed.

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