Coinbase Files For Partial Summary Judgement In SEC Case, Regulator Pushes For 3 Year Review Period
Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.
Coinbase filed on October 15 for a partial summary judgment in its lawsuit against the United States Securities and Exchange Commission (SEC) as it seeks documents from the federal agency regarding its stance toward current crypto regulations.
According to the legal document, Coinbase has filed Freedom of Information Act (FOIA) requests to obtain internal documents on crypto from the SEC, only for the federal regulator to reject the crypto exchange’s attempts.
“For years, despite repeated requests from regulated parties, the SEC has refused to explain which digital-asset transactions it believes are subject to the securities laws or how firms can comply with existing, inapt securities rules,” the filing reads in part. “At the same time, the agency has launched a scorched-earth enforcement campaign against digital-asset firms for their purported failures to comply with the agency’s unworkable and unknowable rules.”
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