At least one federal judge is frustrated by the Sec

At least one federal judge is frustrated by the Sec
The case between Ripple and the SEC is not the only one that hovers over the industry, because the commission has been an upswing lately.
The US stock exchange supervisory authority (Securities and Exchange Commission) recently submitted complaints against the world's largest cryptocurrency exchanges-coinbase and bony.
Paul Grewal, The Chief Legal Officer of Coinbase, commented Judgment of the Third Circuit, which says that it will keep the responsibility for contesting the company because of the inactivity of the SEC in relation to its petition for basic rules for crypto.
We are grateful that the court will continue to throw a light light on a SEC process that has so far been completely in the dark.
- David Schwartz, CTO von Ripple.
- he emphasized that what was said above was a kind of roller coaster ride "because the court insisted that" the SEC reports to you when the commission will decide on the application of Coibase ". At the same time, it was also "the SEC to take four months, just to keep the court up to date on their progress in obtaining a staff recommendation."
- he came to the conclusion that there is something positive in all of this.
I think the most positive thing I can say is the fact that Coinbase has managed to achieve a relief at all. This is probably an indication that at least part of our frustration is shared by at least one other federal judge via the SEC, and maybe even much more federal judges.
- In recent times, cryptocolor reported that John Deaton-a lawyer who represents thousands of XRP owners-also criticized the Securities and Exchange Commission.
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