Last July, Coinbase asked the SEC to undergo a proper rulemaking process for crypto in order that exchanges, crypto startups, and the crypto community at large would understand how one can operate. The SEC sat on the request and selected not to answer it. So last month Coinbase sued the SEC in an effort to make the agency do its job.
Well, the SEC has finally responded to the lawsuit… by saying it doesn’t have to answer the lawsuit. The agency said it normally takes a whopping five to 10 years to answer these kind of requests.
But technology, innovation, and business all move at a much faster pace than that. The SEC’s refusal to have interaction is just unacceptable.
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On this episode of Crypto Insider, Vin Narayanan explains what crypto investors can do about it.
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