After a protracted silence and vague responses from the United States Securities and Exchange Commission, cryptocurrency company Coinbase filed an official request in federal court on Saturday.

“We couldn’t wait until our deadline next week to address the SEC’s response to the June 6 order from the Third Circuit,” tweeted Paul Grewal, Chief Legal Officer for Coinbase. “It is unusual for the government to defy a direct question from a federal court.”

“The SEC’s evasive response goes further, as we set out today,” he added.

According to the Coinbase filing, the company is requesting “mandamus,” which refers to a court order issued by a higher court to a government agency, commanding them to perform a specific action or duty that they are legally obligated to do. 

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Author: Pedro Solimano

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