"It is unreasonable for the SEC — an agency with over 4,500 employees — to take nine months (and counting) to complete that simple task," Coinbase said in the federal court filing. The agency replied that, "no statute or regulation requires the Commission to take such action on a specific timeline. Nor is there any precedent supporting Coinbase's request." The SEC was ordered by a U.S. court to file its response to Coinbase. In that response, the SEC alleged Coinbase does not enjoy the right to mandamus, which orders a government agency to fulfill certain duties. "Mandamus is an extraordinary remedy … Coinbase's preference for faster or different regulatory action by the Commission does not entitle it to extraordinary relief from this court … ordering the Commission to act on a rulemaking petition that has been pending for well under a year," the SEC wrote in its filing, adding, "The petition should be denied."