Coinbase Takes Jab at SEC With Lawsuit Over Rule Petition (2)

Coinbase Global Inc., the largest US crypto trading platform, isn’t waiting for the SEC to make the first move in what is expected to be a prolonged legal battle between the two.

The digital-asset firm asked a court Monday to compel the US Securities and Exchange Commission to respond to a rulemaking petition the company submitted last year. The company, in a lawsuit filed with a federal appellate court in Philadelphia, argued that the agency hasn’t been reasonable or prompt in providing a response.

“Not only have we been waiting for many, many months, but there’s been a campaign ...