Coinbase chief legal officer Paul Grewal made striking statements by referring to the concept of time regarding the SEC case.
The fight continues between the US Securities and Exchange Commission (SEC) and crypto exchanges. In the past weeks, Coinbase submitted a petition to the SEC about the events at the time. However, the silence of the SEC on this petition has gradually angered Coinbase. The failure to respond to the petition in any way pushed Coinbase to new moves. Striking statements came from Coinbase, which filed a lawsuit regarding this attitude of the SEC. Coinbase chief legal officer Paul Grewal cited information regarding the litigation process, noting that the SEC has ten days to respond to Coinbase’s order letter.
Last Ten Days
In July 2022, Coinbase filed a petition with the SEC. The petition demanded that the SEC propose clear and solution-oriented rules on crypto. However, the SEC did not respond to this petition. The SEC’s pressure on crypto exchanges and Coinbase’s failure to respond to this issue made things more serious.
The latest blow to the chain of events came from Grewal. Grewal noted that the SEC has ten days to respond to Coinbase complaints. In the turbulent crypto market, news feeds have become even more important. Not only users who have investments in Coinbase, but also many crypto investors are following the results of this event.
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