Coinbase has expressed its disapproval of the U.S. Securities and Exchange Commission (SEC) for not responding to questions posed in the U.S. Appeals Court.
As part of its ongoing legal battle, Coinbase has condemned the SEC for failing to answer questions posed in the U.S. Appeals Court. In a letter submitted to the court on June 17, Coinbase's lawyers accused the SEC of not providing direct answers to the court regarding the filings.
Growing Tension between Coinbase and the SEC
Two weeks after filing a lawsuit against Coinbase, the SEC finds itself at odds with the exchange on different issues. Coinbase has shown its reaction to the regulator for not responding to the questions presented to the SEC in the U.S. Appeals Court, leading to discussions and statements in the public domain.
In response to the situation, Coinbase made the following statement:
"When ordered to address the stark inconsistency between its position in this litigation and its actions and statements elsewhere, the SEC still fails to provide direct answers and instead repeats talking points."
The letter came as a response to the SEC's failure to respond to Coinbase's rulemaking petition submitted on June 13. Coinbase also noted that the SEC has even shown a reaction to the progress of the court proceedings.
