A U.S. court has issued an ultimatum to the Securities and Exchange Commission, giving the regulator seven days to clarify its position on a rulemaking petition from crypto exchange Coinbase. In the order, issued by the U.S. Court of Appeals for the Third Circuit, judge Cheryl Ann Krause ordered the SEC to reveal whether it has decided to deny Coinbase’s petition, and if not, how much time it requires to determine whether to grant or deny the petition.