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Coinbase Legal Chief Takes Pre-Emptive Strike Against US SEC

Coinbase's Chief Legal Officer, Paul Grewal, has cited a court precedent confirming that the "Petition Clause" protects the right of individuals to appeal to courts and other forums for the resolution of legal disputes. Grewal's statement is a pre-emptive strike against the US Securities and Exchange Commission (SEC) amid its legal fight for regulatory clarity over crypto. The move comes after a court ordered the SEC to respond to Coinbase's complaint within 10 days. Coinbase filed a lawsuit against the SEC after the regulator failed to provide clarity regarding guidelines and rules on crypto trading, listing, and staking. Meanwhile, Ripple and Coinbase's chief legal officers had a meeting offsite, as both companies face legal difficulties from the SEC.

(By Varinder Singh)

Coinbase SEC
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