The Securities and Exchange Commission (SEC) is asking for 28 more days, until March 14, 2025, to respond to Coinbase’s petition for an interlocutory appeal. The agency says its newly formed crypto task force could help resolve the case and potential appellate review. Coinbase has agreed to the extension.
🚨NEW: The @SECGov has requested a 28-day extension (until March 14, 2025) to file its answer to a petition from @coinbase to leave to file an interlocutory appeal.
Again, the @SECGov cites the agency’s new #crypto task force as having a potential impact on…
— Eleanor Terrett (@EleanorTerrett) February 15, 2025
The SEC and Binance also recently requested a 60-day pause in their case, citing the crypto task force’s efforts to develop a regulatory framework. The legal battle between Coinbase and the SEC has lasted nearly 20 months, with Coinbase accused of offering unregistered securities without proper registration.
The SEC has formed a dedicated task force to bring clarity to digital asset regulations, led by Commissioner Hester Peirce, aka “Crypto Mom.” Coinbase asked a U.S. appeals court on Jan. 21 to rule that crypto trades on its platform aren’t securities, arguing that defining whether secondary market crypto transactions qualify as investment contracts is crucial for the industry’s future.
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2025-02-15 15:37