https://techcrunch.com/2023/04/24/crypto-exchange-coinbase-sues-sec-over-rulemaking-petition/

Coinbase has filed a petition to compel the U.S. Securities and Exchange Commission to respond to a months-old petition that asks whether the securities regulator would allow the industry to be regulated using existing SEC frameworks, the exchange firm said on Monday, escalating its tensions with the regulator that has ramped up enforcement actions and warnings against crypto firms, including the American giant.

In the July 2022 petition, Coinbase asked whether the SEC would “propose and adopt rules to govern the regulation of securities that are offered and traded via digitally native methods.” The SEC never responded to the petition.