Coinbase files court action to compel SEC’s response to rulemaking petition

Coinbase filed a narrow action in a United States federal court that seeks to compel the Securities and Exchange Commission (SEC) to provide a "yes or no" response to a July 2022 petition. The petition requested the SEC propose and adopt clearer regulatory guidelines for the cryptocurrency industry in the U.S. In the exchange's July 2022 petition, it asked the…