SEC Requests Deadline Extension in Coinbase Case Amid Settlement Talks
The U.S. Securities and Exchange Commission (SEC) indicated a possible settlement with Coinbase in a recent court filing.
- The SEC requested a four-week extension to respond to Coinbase's appeal of a ruling by District Judge Katherine Polk Failla, who stated that the SEC had a plausible case regarding unregistered securities sold on Coinbase.
- The extension request is linked to the formation of a new crypto task force led by Commissioner Hester Peirce, which may influence ongoing legal proceedings.
- The SEC aims to conserve judicial resources while reviewing crypto-related issues.
- This marks the second extension request from the SEC, following a similar stay sought in its case against Binance, which was granted by the judge.