Coinbase Takes Action Against SEC in Quest for Crypto Clarity

Coinbase has taken legal action against the SEC, asking a federal judge to force the regulator to share its answer on whether certain crypto assets are securities.

The move comes after months of silence from the SEC on Coinbase's request for clearer regulation of crypto assets.

Coinbase has been facing scrutiny from the SEC over its crypto lending product, which the regulator claims is a security.

Coinbase has argued that it does not offer products to customers that are securities and has asked for reasonable crypto rules from the SEC.