The lawyers of the American Commission for Securities and Exchange alluded to a potential regulation with Coinbase in a judicial file of Friday, citing the new working group on the crypto of the regulator.
The SEC asked a federal court of appeal to extend its deadline to respond to Coinbase, who appealed to the decision of a federal judge last month. District judge Katherine Polk Failla judged last year that the Sec had brought a plausible case that Coinbase had sold not registered titles on her platform. The exchange asked the Call Committee to weigh on the way in which securities laws could apply to the crypto.
Friday, the agency requested an extension of four weeks on its deadline (currently scheduled for February 14) to submit its response, quoting the president of the acting sec, Mark Uyeda, the new working group on the crypto, directed by Commissioner Hester Peirce.
“The work of the crypto working group can affect and can facilitate the potential resolution of the procedure of the underlying district court and a potential appeal examination, the conservation of legal resources. Because the examination of the Questions Commission Linked to the crypto its response to the Coinbase petition and for an appropriate examination, “said the file.
This is the second case in which the dry requested an extension; Earlier this week, the SEC and the Binance filed a 60 -day stay in the regulator’s file for these exchange parties and affiliated, claiming that the extension could also lead to a resolution. The judge supervising this case granted the suspension.
