A US court has ordered the Securities and Exchange Commission (SEC) to respond to cryptocurrency exchange Coinbase’s (COIN) lawsuit about how it applies securities regulations to digital assets. In a Wednesday filing, the Third Circuit Court of Appeals stated that the SEC must respond within 10 days. Coinbase may then file a rebuttal within seven days. Coinbase stated last week that the SEC is giving insufficient regulatory guidance for US companies operating in the crypto industry, claiming that the SEC must “at a minimum set forth how those inapt and inapposite requirements are to be adapted to digital assets.”