{"id":327670,"date":"2023-05-23T20:51:23","date_gmt":"2023-05-23T19:51:23","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=327670"},"modified":"2023-05-23T21:22:39","modified_gmt":"2023-05-23T20:22:39","slug":"coinbase-asks-for-mandamus-against-sec-continues-to-demand-rulemaking","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbase-asks-for-mandamus-against-sec-continues-to-demand-rulemaking\/","title":{"rendered":"Coinbase asks for mandamus against SEC, continues to demand rulemaking"},"content":{"rendered":"<p>Coinbase is still asking the U.S. Securities Exchange Commission to engage in rulemaking via the legal system, an executive said on <a href=\"https:\/\/twitter.com\/iampaulgrewal\/status\/1661025095173947393\">May 23<\/a>.<\/p>\n<h2>Coinbase continues to submit filings<\/h2>\n<p>Coinbase CLO Paul Grewal wrote on Twitter:<\/p>\n<blockquote><p>&#8221; &#8230; Coinbase replied in the Third Circuit to the SEC\u2019s arguments against our petition for a writ of mandamus. Mandamus is the tailor-made remedy for the extraordinary facts presented here.&#8221;<\/p><\/blockquote>\n<p>Coinbase <a href=\"https:\/\/cryptoslate.com\/coinbase-receives-wells-notice-from-sec\/\">received a Wells notice<\/a> from the SEC on March 22 indicating that the agency could soon take legal action against the company for supposed regulatory violations.<\/p>\n<p>Starting on <a href=\"https:\/\/cryptoslate.com\/coinbase-files-action-against-sec\/\">April 25<\/a>, Coinbase began to submit legal filings in order to compel the SEC to answer an earlier petition and provide it with clear rules. On <a href=\"https:\/\/cryptoslate.com\/coinbase-says-sec-response-reinforces-concern-about-the-regulator-actions\/\">May 15<\/a>, the SEC responded by stating that it has no obligation to create new regulations.<\/p>\n<h2>Coinbase challenges past results<\/h2>\n<p>Coinbase's latest court filing, dated May 22, attempts to challenge the SEC's refusal to engage in rulemaking. Coinbase claims that SEC members have publicly stated that they will not engage in rulemaking \u2014 while also making statements that suggest that they are &#8220;actively considering&#8221; Coinbase's petition and other regulatory approaches.<\/p>\n<p>Coinbase additionally argued that the SEC's broad enforcement actions against the crypto industry also demonstrate that it is not considering the petition.<\/p>\n<p>At the end of the latest filing, Coinbase asked the court to issue a writ of mandamus, thereby forcing the SEC to respond to its original petition in seven days.<\/p>\n<p>Otherwise, the court should order the SEC to justify its delay, determine a timeline for its response, and provide updates, Coinbase said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase is still asking the U.S. Securities Exchange Commission to engage in rulemaking via the legal system, an executive said on May 23. Coinbase continues to submit filings Coinbase CLO Paul Grewal wrote on Twitter: &#8221; &#8230; Coinbase replied in the Third Circuit to the SEC\u2019s arguments against our petition for a writ of mandamus. [&hellip;]<\/p>\n","protected":false},"author":1403,"featured_media":311086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,77968,11],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase asks for mandamus against SEC, continues to demand rulemaking<\/title>\n<meta name=\"description\" content=\"Coinbase is still asking the U.S. Securities Exchange Commission to engage in rulemaking via the legal system, an executive said on May 23.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/coinbase-asks-for-mandamus-against-sec-continues-to-demand-rulemaking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase asks for mandamus against SEC, continues to demand rulemaking\" \/>\n<meta property=\"og:description\" content=\"Coinbase is still asking the U.S. Securities Exchange Commission to engage in rulemaking via the legal system, an executive said on May 23.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/coinbase-asks-for-mandamus-against-sec-continues-to-demand-rulemaking\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T19:51:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-23T20:22:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/03\/coinbase-supreme-court.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mike Dalton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mike Dalton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/coinbase-asks-for-mandamus-against-sec-continues-to-demand-rulemaking\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/coinbase-asks-for-mandamus-against-sec-continues-to-demand-rulemaking\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/#person\",\"name\":\"Mike Dalton\",\"url\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mike-dalton-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mike-dalton-author-300x300.jpg\",\"caption\":\"Mike Dalton\"},\"jobTitle\":\"Former Journalist\",\"description\":\"Before transitioning to crypto writing in 2018, Mike studied library and information sciences. 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