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SEC Says It May Make a Recommendation on Coinbase Petition Within 4 Months

The U.S. Securities and Exchange Commission (SEC) hasn't made a decision on whether it will respond to Coinbase's petition for rulemaking and its enforcement action against the crypto trading platform isn't inconsistent with any decision on rulemaking, the regulator said Tuesday.

Paul Grewal, Chief Legal Officer, Coinbase (Shutterstock/CoinDesk)
Paul Grewal, Chief Legal Officer, Coinbase (Shutterstock/CoinDesk)