4 days ago
Attorneys for the U.S. Securities and Exchange Commission hinted astatine a imaginable colony with Coinbase successful a precocious Friday tribunal filing, citing the regulator's caller crypto task force.
The SEC asked a national appeals tribunal to widen its deadline to respond to Coinbase, which filed an entreaty of a national judge's ruling past month. District Judge Katherine Polk Failla ruled past twelvemonth that the SEC had brought a plausible lawsuit that Coinbase sold unregistered securities connected its platform. The speech asked the appeals tribunal sheet to measurement successful connected however securities laws mightiness use to crypto.
On Friday, the bureau asked for a four-week hold to its deadline (currently acceptable for Feb. 14) to record its response, citing Acting SEC Chair Mark Uyeda's caller crypto task force, headed by Commissioner Hester Peirce.
"The crypto task force’s enactment whitethorn impact and could facilitate the imaginable solution of some the underlying territory tribunal proceeding and imaginable appellate review, conserving judicial resources. Because the Commission’s reappraisal of crypto-related issues is ongoing, the Commission requests this further clip to hole its reply to Coinbase’s petition and for due review," the filing said.
This is the 2nd lawsuit the SEC asked for an hold in; earlier this week, the SEC and Binance filed for a 60-day stay successful the regulator's lawsuit against that speech and affiliated parties, saying the hold could likewise pb to a resolution. The justice overseeing that lawsuit granted the stay.
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