Coinbase filed suit against the Securities and Exchange Commission (SEC) on Monday, asking that the regulator be forced to publicly share its answer to a months-old petition on whether it would allow the crypto industry to be regulated using existing SEC frameworks. The SEC did not offer a specific public response to Coinbase’s petition, but in recent months has aggressively ramped up enforcement actions and warnings against crypto exchanges, including Coinbase. Paul Grewal, chief legal officer at Coinbase, said in a blog post that the company is seeking clarity on how the law applies to the crypto industry.

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