Coinbase reacted to the SEC for failing to answer questions asked in the US Court of Appeals.
Coinbase has condemned the US Securities Regulator (SEC) for failing to answer questions posed in the US Court of Appeals as part of its ongoing legal battle. In a June 17 letter submitted to the court, Coinbase attorneys blamed the SEC for not providing direct answers to the court regarding the petitions.
Coinbase-SEC Tension Rising
Announcing that it filed a lawsuit against Coinbase two weeks ago, the SEC is now at odds with the stock market due to different issues. Reacting to the regulator for not answering the questions it sent to the SEC in the US Court of Appeals, Coinbase was on the agenda with various statements.
Coinbase made a statement about the event and said;
“When ordered by the court to address the stark inconsistency between her position to sue and her actions and statements elsewhere, the SEC still does not provide direct answers and instead repeats talking points.”
The letter came in response to the SEC’s June 13 submission to respond to Coinbase’s rulemaking petition. Also, Coinbase noted that the SEC is even reacting to the court’s progress.
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