In a crypto world filled with villains, Coinbase has always cast itself as the good guy—a company that follows the rules and has worked with regulators and law enforcement since day one. So when the good guy of crypto decides to sue the federal government, it's worth paying attention.
On Monday, Coinbase filed suit against the Securities and Exchange Commission, asking a federal appeals court to issue an order instructing the agency to do its job—which in this case, says Coinbase, is to answer the company's petition seeking clearer regulations.
