Crypto Exchange Coinbase Asks for Court to Force SEC Response to 2022 Rulemaking Petition

Crypto exchange Coinbase (COIN) has asked a federal court to force the U.S. Securities and Exchange Commission (SEC) to respond to a petition it filed last year asking for formal rulemaking within the digital assets sector.

Coinbase filed an Administrative Procedure Act challenge against the U.S. Securities and Exchange Commission Monday, asking the Third Circuit Court of Appeals to order the SEC to provide “regulatory clarity” around how existing securities laws might apply to the digital asset sector.

Source: Crypto Exchange Coinbase Asks for Court to Force SEC Response to 2022 Rulemaking Petition