Coinbase's Legal Battles with SEC and Washington's Crypto Skeptic

The US Court of Appeals for the Third Circuit has instructed the SEC to respond to Coinbase's writ of mandamus within 10 days, marking a development in the legal battle for regulatory clarity over the trading of digital assets. Coinbase filed a lawsuit in April requesting that the court compel the SEC to publicly disclose its stance on a petition submitted several months prior. Despite the lack of public response to the petition, the SEC has increased enforcement and issued warnings to crypto exchanges.