Coinbase Demands Clarity from SEC on Crypto Regulations After Months of Delays

Coinbase continues legal push for SEC to respond to crypto rulemaking petition, calling latest SEC update mere "pantomime"
Coinbase filed petition in July 2022 asking SEC to propose rules to define which digital assets are securities
After no SEC response, Coinbase filed mandamus petition to compel SEC to give yes/no answer
SEC has repeatedly pushed back, asking court to deny mandamus and give 120 more days to respond
SEC staff recently gave internal recommendation on petition but specifics remain unclear; Coinbase wants court to compel clarity