The lawyers of the United States Stock Exchange and Securities commission hinted at a possible agreement with Coinbase in a judicial presentation on Friday night, citing the new Crypto task force of the regulator.
The SEC asked a Federal Court of Appeals to extend its deadline to respond to Coinbase, which presented an appeal of a federal judge’s decision last month. District Judge Katherine Polk Failla dictated last year that the SEC had presented a plausible case that Coinbase sold values not registered on its platform. The exchange requested the Court Appeals Panel to evaluate how securities laws could be applied to cryptography.
On Friday, the agency requested an extension of four weeks to its deadline (currently established for February 14) to present its response, citing the new cryptographic work group of the interim SEC Mark Uyeda, headed by Commissioner Hester Peirce.
“The work of the cryptographic working group can affect and could facilitate the potential resolution of both the underlying procedure of the District Court and the potential appeal review, retains the judicial resources. Because the review of the commission of the problems related to the I crypt your response to the coinbase request and for the appropriate review, “the presentation said.
This is the second case in which the SEC requested an extension; Earlier this week, the SEC and Binance requested a 60 -day stay in the case of the regulator against that exchange and affiliated parts, saying that the extension could lead in a similar way to a resolution. The judge supervising that case granted the stay.
