SEC Refuses to Entertain Coinbase’s Request for Crypto Clarity

The U.S. Securities and Exchange Commission (SEC) has refused to entertain Coinbase’s request for more clarity on crypto regulations.

On May 15, the SEC filed a brief in response to the Coinbase petition for a Writ of Mandamus. It made its stance very clear in that it was not prepared to abide by and provide any clarity on crypto regulations.

The Commission claimed that Coinbase does not and cannot demonstrate a clear and indisputable right to relief.

Furthermore, the regulator asserts that it is not obligated to respond or to regulate crypto.