Coinbase seeks clarity amid an ongoing legal battle with SEC

In a bid to address the United States Securities and Exchange Commission’s (SEC) ambiguous responses and prolonged silence, cryptocurrency company Coinbase has filed an official request in federal court. Coinbase took this action ahead of its upcoming deadline, citing the SEC’s evasion of a direct question posed by a federal court as an unusual move. Seeking a court order known as “mandamus,” the exchange aims to compel the SEC to establish clearer rules and standards for the digital assets industry. By filing the court request, Coinbase seeks to compel the SEC to fulfill its legal obligation of setting clearer rules and standards for the digital assets industry.

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