SEC won’t object to Coinbase’s motion to speed up case
On July 7, the United States Securities and Exchange Commission (SEC) submitted a letter to the judge in their case against Coinbase, responding to the exchange’s request for permission to file a motion for judgment on the pleadings. Therein, the SEC informed the presiding judge that they have no objections to Coinbase’s motion . SEC versus Coinbase case update Specifically, the regulator wishes not to delay the consideration of the issues raised by Coinbase, which could lead to a timely resolution of the case. The SEC outlines the arguments it plans to present against Coinbase in the letter. Nonetheless, the strength of these arguments, analysts previewed, is weak. For instance, the SEC cites the LBRY case as supporting its position. However, it’s important to note that the judge in that lawsuit did not conclude that tokens traded on the secondary market are securities. Additionally, the SEC references a case from Connecticut that is not directly applicable as...