SEC Asks for Additional Time in Coinbase Rulemaking Petition

The U.S. Securities & Exchange Commision (SEC) has requested more time to respond toย Coinbaseโ€™s plea for regulatory certaintyย in the crypto space. The SEC stated in a June 13, 2023, letter that it would require an extra four months to address Coinbaseโ€™s request for the implementation of new regulations and improved comprehension of the regulatory environment for cryptocurrencies.

Theย letterย was written in response to theย courtโ€™s orderย from June 6, 2023, asking the SEC to make it clear if it was rejecting the rulemaking or just needing more time toโ€ฆ

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