The U.S. Securities and Exchange Commission (SEC) will respond to Coinbase’s first legal defense on July 13, according to a court order issued on Thursday, June 29.
In a legal filing, the U.S. Securities and Exchange Commission (SEC) submitted Request an extension of three working days from the court. The extension is intended to give the SEC enough time to prepare a response to the letter filed by the defendant, Coinbase. The defendant has granted the request.
The SEC’s previous deadline to respond to Coinbase’s letter was July 3, 2023, under Rule 4(A) of the Court’s individual rule. However, Judge Katherine Polk Failla granted the SEC’s request for more time and set a new date of July 13.
In addition, the court rescheduled the pre-trial conference as a pre-motion conference, bringing it up to July 13 at 2:00 pm UTC instead of the originally scheduled August 24. A pre-motion conference is a request made by the court. Prosecutors or defense attorneys seek court rulings on specific matters before trial.
Meanwhile, Coinbase recently submit Letter to Court, dated June 28, 2023, requesting leave to file a motion for judgment on complaint under Federal Rules of Civil Procedure 12(c). The motion was filed in response to the SEC’s complaint. Previously, Coinbase also submitted a 177-page response to the complaint 40 days before the August 7 deadline.
related: U.S. House Committee Chairman, Blockchain Association Attacks SEC Chairman Gensler
In motions for judgment on pleadings, it’s worth noting that the judge has the authority to review other pleadings filed in the case, including the defendant’s responses to the pleadings. Coinbase’s response included a comprehensive “preliminary statement” outlining its legal arguments for dismissing the case, thereby giving the judge substantive material to consider.
Coinbase has rebutted the SEC’s complaint, claiming that the large number of tokens mentioned in the SEC’s case is beyond the commission’s jurisdiction.
Magazine: The SEC hates the Metaverse…
Svlook
