Coinbase has filed a request with the federal court to compel the SEC to respond to Coinbase's petition

ChainCatcher news, after a prolonged silence and vague response from the U.S. SEC regarding Coinbase's petition, Coinbase has formally requested a federal court to compel a federal judge to force the U.S. SEC to establish clearer rules and standards for the digital asset industry.

Coinbase's Chief Legal Officer Paul Grewal stated on Twitter: "We cannot wait until next week's deadline to address the SEC's response to the Third Circuit's June 6 order; the government's contempt for the federal court is a direct issue that is unusual. The court should now approve the injunction because the commission has decided not to approve Coinbase's rulemaking request and is harming the industry. At the very least, the court should order the commission to report its actions within no more than 60 days, and in the event that the commission has still not acted by then, to timely rule on the injunction request." (source link)