SEC Asks Court for Coinbase Case Deadline Extension, Citing 'Potential Resolution' Prospects
Powered by @unfolded- The SEC hinted at a potential settlement with Coinbase in a recent court filing, citing the establishment of a new crypto task force.
- The SEC requested a four-week extension to respond to Coinbase's appeal regarding a ruling that found the SEC had a plausible case against the exchange for selling unregistered securities.
- The extension request is linked to ongoing reviews of crypto-related issues by the SEC, which may lead to a resolution of both the district court case and the appellate review.
- This is the second instance where the SEC sought an extension, having previously requested a stay in its case against Binance, which was granted by the overseeing judge.