Bitcoin

“Coinbase Demands Government Agency to Fulfill Duties, Claims SEC is Not Cooperating”Coinbase, the biggest cryptocurrency exchange, has sued the US Securities and Exchange Commission (SEC) by filing a legal request called a writ of mandamus. This escalates their ongoing disagreement with the SEC. The lawsuit was filed due to the ongoing dispute about the need for clear rules and standards for the cryptocurrency industry in the United States. This has been a contentious issue for several months, resulting in Coinbase taking legal action.Coinbase is taking legal action by filing a special request called a writ of mandamus because the SEC has not been responding to the company’s requests for clear rules and regulations, which Coinbase believes are unfounded. A writ of mandamus is a court petition that tells a government agency to do its job and fulfill its legal duties.

Coinbase Files Mandamus Petition Against U.S. SEC

CryptosHeadlines.com

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