As the SEC increases its pressure on the crypto industry, it has recently sued leading crypto exchanges Coinbase and Binance.
While the legal process continues, a move came from Coinbase, the largest stock exchange in the USA, against the SEC.
Coinbase, which recently wrote to the court regarding the SEC, criticized the SEC for not responding to questions put to it.
Taking action for the SEC to create regulatory clarity for the crypto industry, Coinbase also accused the SEC of not responding to questions about regulatory clarity, but also of late reply.
Coinbase used the following statements in the letter:
“There is a stark discrepancy between the SEC's role in litigation and its actions and statements on crypto at other times.
When the court orders the SEC to explain this discrepancy, the SEC still does not respond or gives indirect and late answers.
Instead of answering directly, he repeats his earlier conversations."
In the letter, Coinbase also argued that the SEC was unwilling to comply with the court's decision, which it ordered to disclose, noting that it was reluctant to provide information on why it was suing.
In this context, Coinbase has requested a response to the regulatory clarification petition in a maximum of 60 days or less, stating that the SEC's silence and late action could irreparably damage the cryptocurrency industry.
As it will be remembered, the SEC requested another 120 days on June 13 to respond to Coinbase's petition seeking regulatory clarity.