Coinbase is considering a lawsuit against the SEC, which rejected its rulemaking petition.
As it is known, the SEC announced in the evening that it rejected the rule-making petition of the Bitcoin exchange Coinbase.
A statement came from Coinbase chief legal officer Paul Grewal against this rejection decision. Grewal stated that they are preparing to take this rejection decision of the SEC to the court and said:
“Today, the SEC rejected Coinbase's petition regarding crypto rules. We will file a lawsuit against this rejection decision.
“We will also appeal the rejection decision to the SEC.”