The SEC has not responded to Coinbase's public petition but, in recent months, it has intensified its enforcement actions against crypto exchanges including Coinbase.
We filed a limited action today in the U.S. April 25, 2023
The SEC's public comments and enforcement activities in the crypto-industry make it seem like they have already decided to reject our petition. They haven't yet told the public. "Coinbase takes any litigation seriously, especially if it involves one of our regulators. Grewal wrote in a blog post that regulatory clarity was long overdue for the industry. Crypto industry needs clarity on regulatory issues