SEC Signals Potential Deal with Coinbase, Reshaping Legal Strategies – BitRss

The U.S. Securities and Exchange Commission (SEC) attorneys have submitted a filing indicating possible signals of an agreement with Coinbase. The document references the regulatory body’s new cryptocurrency working group, suggesting a collaborative effort in handling ongoing legal matters.

SEC Seeks Extension in Response Process

In response to Coinbase’s recent appeal against a federal judge’s ruling, the SEC has requested additional time from a federal appellate court. The court had previously deemed the SEC’s claims against Coinbase as reasonable, labeling it as a platform selling unregistered securities.

Similar Requests in Other Cases

Coinbase has sought the court’s opinion on how securities laws apply to cryptocurrency assets. Additionally, a similar situation arose in the SEC’s case against Binance, where the regulatory body requested an extra 60-day waiting period.

The SEC’s request aims to grant an additional four weeks to the originally set response date of February 14. This extensi…