1101. Gary Gensler STRIKES BACK at Coinbase 🔥 BREAKDOWN

The Securities and Exchange Commission (SEC) has replied to crypto exchange Coinbase’s petition that demanded it outline and adopt new regulations on crypto and digital tokens. the SEC claimed that Coinbase isn’t entitled to a mandamus and that it should instead comply with existing laws. A mandamus, the SEC said, is “an extraordinary measure that requires the petitioner indisputable right to relief.” Coinbase’s mandamus demanded the SEC answer ‘yes’ or ‘no’ to its petition.