Coinbase for SEC: The US Securities and Stock Exchange Committee (SEC) requested a 28 -day extension in its legal case against Coinbase. The application was submitted in the court file on Friday, where SEC stated that the newly formed encryption squad can help solve the case.
The move sparked speculation about a possible settlement between the organizer and the exchange of cryptocurrencies.
SEC in the United States is seeking a 28 -day delay in the Coinbase suit
Agency to request For four weeks, a lawsuit was filed in the Federal Appeal Court, as it appealed the exchange of encryption earlier in the decision of the provincial court.
Judge Catherine Polk Villa previously ruled that the Supreme Education Council had a valid issue against Coinbase claiming that unregistered securities were submitted. Coinbase then sought the opinion of the Court of Appeal on how to apply securities laws to digital assets.
The Securities and Stock Exchange Commission stated that the encryption squad, led by Acting President Mark Oida and Commissioner Hyster Peres, could affect the results of the case.
The Securities and Stock Exchange said in its file: “The work of the encoding team may affect and can facilitate the potential solution to each of the basic provincial court procedures, a possible appeal review, and the preservation of judicial resources.”
The committee requested additional time to prepare its response to Coinbase’s appeal.
Continuous encryption cases and potential settlements
Request a Coinbase for SEC is the second case in which SEC requested an extension of the same week.
Earlier, the organizer and construction jointly requested a 60 -day residence in their case, saying it could help reach a solution. The judge agreed to the Binance case.
SEC’s last step led to discussions on whether the agency reconsidates its approach to the organization of encrypted currency. The legal battle with Coinbase is one of the most prominent cases in the encryption industry, and any possible settlement can put a precedent for how to make digital asset platforms under US Securities Laws.
Etf store head breaks silence on the SEC movement
After the SEC file, some industrial leaders expressed their optimism about the possibility of a solution. “The regulation of enforcement is officially died.” He also stated that SEC “sets the foundation” to end the lawsuit, describing it as “huge news”.
The encryption organization is associated with enforcement with former SEC president Gary Gensler, but under Mark Uyeda, the positions of professional cryptocurrencies, including the integration of dodging in Etps Crypto.
Meanwhile, the CEO of Ripple Brad Garlinghouse met with legislators on Friday to discuss encrypted currency regulations. After the meeting, he participated in a positive view of future organizational policies. He suggested that support from the two parties can lead to clear guidelines for the industry that may lead to a settlement in the Ripple VS SEC suit.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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