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Coinbase demanded courts to instruct the SEC to issue regulatory clarity for the industry. - 2
SEC alleged Coinbase that it has no rights to mandamus, which orders a government agency to fulfill certain duties.
On the alleged demand of Coinbase, SEC has also released a response specifying that it has no right to which duties the agency will attain. Seeing this, Coinbase reacted, and it maintains that the court should force the Commission to act on Coinbase’s recently filed rulemaking petition. It has contended that SEC has to respond within a reasonable time. This mandamus petition was filed in …
Source: https://www.thecoinrepublic.com/2023/05/16/coinbase-asked-sec-to-clarify-its-stance-on-crypto-industry/