SEC vs Coinbase Case Set for July 13 After Exchange’s ‘Creative' Opening Response

CoinDesk
CoinDesk

30 Jun 2023 6:38 AM

The date for the court hearing is much earlier than expected, prompted by a "creative" defense tactic by Coinbase – it filed its response 40 days before the deadline of August 7, 2023....

  • The U.S. Securities and Exchange Commission (SEC) will respond to Coinbase's first legal defense on July 13, earlier than expected.
  • Coinbase filed its response 40 days before the August 7 deadline, prompting the earlier hearing date.
  • The SEC requested a three-day extension due to the July 4 holiday weekend, which was granted.
  • The pre-trial conference was converted to a pre-motion conference and moved to July 13.
  • Coinbase argues that many of the tokens in the SEC's case are outside the Commission's authority.
  • Coinbase's tactic of filing its response early is seen as a creative strategy to present documents helpful to its cause.
  • Judge Katherine Polk Failla will determine if Coinbase can proceed with its motion on July 13.

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When will the SEC present its response to Coinbase's legal defense?Why did Coinbase file its response 40 days before the deadline?What is the purpose of a pre-motion conference?What is Coinbase's argument against the SEC's case?Who will determine if Coinbase can proceed with its motion on July 13?

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