{"id":116371,"date":"2023-06-30T23:51:13","date_gmt":"2023-06-30T23:51:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/sec-to-present-response-to-coinbases-legal-defense-on-july-13-crypto-news\/"},"modified":"2023-06-30T23:51:15","modified_gmt":"2023-06-30T23:51:15","slug":"sec-to-present-response-to-coinbases-legal-defense-on-july-13-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sec-to-present-response-to-coinbases-legal-defense-on-july-13-crypto-news\/","title":{"rendered":"SEC to present response to Coinbase&#8217;s legal defense on July 13\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-v-0c8d7d80=\"\">\n<p>The United States Securities and Exchange Commission (SEC) will present its response to Coinbase&#8217;s first legal defense on July 13, according to a court order issued on Thursday, June 29.<\/p>\n<p>In a legal document filing, the SEC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.599908\/gov.uscourts.nysd.599908.25.0.pdf\">submitted<\/a> a request to the court for a three-business-day extension.  This extension was sought to provide the SEC adequate time to prepare a response to the letter submitted by Coinbase, the defendant.  The defendants have agreed to the request.<\/p>\n<p>The previous deadline for the SEC to file its response to Coinbase&#8217;s letter was July 3, 2023, according to Rule 4(A) of the court&#8217;s individual rules.  However, Judge Katherine Polk Faila approved the SEC&#8217;s request for more time and set the new date of July 13.<\/p>\n<p>In addition, the court rescheduled the pre-trial conference to a pre-motion conference, bringing it forward to July 13 at 2:00 pm UTC instead of its original date of Aug 24. prosecutor or defense attorney to the court seeking a ruling on a specific matter prior to the trial.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Screenshot of the SEC&#8217;s letter to the court requesting a deadline extension.  Source: CourtListener<\/em><\/figcaption><\/figure>\n<p>In the meantime, Coinbase recently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.599908\/gov.uscourts.nysd.599908.23.0.pdf\">filed<\/a> a letter to the court dated June 28, 2023, requesting leave to file a motion for judgment on the pleadings under Federal Rule of Civil Procedure 12(c).  This motion was filed in response to the SEC&#8217;s complaint.  Earlier, Coinbase had also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-sec-seeks-dismissal-of-sec-suit-claims-extraordinary-abuse-of-process\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/coinbase-sec-seeks-dismissal-of-sec-suit-claims-extraordinary-abuse-of-process\/amp\">filed a 177-page reply to the complaint<\/a> 40 days before the deadline of Aug.  7.<\/p>\n<p><strong><em>Related: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/u-s-house-committee-chairs-blockchain-association-turn-up-heat-on-sec-head-gensler\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/u-s-house-committee-chairs-blockchain-association-turn-up-heat-on-sec-head-gensler\/amp\"><strong><em>US House committee chairs, Blockchain Association turn up the heat on SEC head Gensler<\/em><\/strong><\/a><\/p>\n<p>In the context of a motion for judgment on the pleadings, it is important to note that a judge has the authority to review additional pleadings submitted in the case, including the defendant&#8217;s answer to the complaint.  In Coinbase&#8217;s answer, it included a comprehensive &#8220;Preliminary Statement&#8221; outlining its legal arguments for the dismissal of the case, thereby providing the judge with substantial material to consider.<\/p>\n<p>coinbase has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-submits-petition-to-explain-to-sec-that-staking-isn-t-securities\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/coinbase-submits-petition-to-explain-to-sec-that-staking-isn-t-securities\/amp\">countered the SEC&#8217;s complaint by asserting<\/a> that a significant number of the tokens mentioned in the SEC&#8217;s case are beyond the scope of the commission&#8217;s jurisdiction.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/magazine\/web3-gamer-apple-gaming-sec-hates-metaverse-tokens-logan-paul-trolled-on-steam\/\"><strong><em>SEC hates Metaverse\u2026<\/em><\/strong><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"\/><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The United States Securities and Exchange Commission (SEC) will present its response to Coinbase&#8217;s first legal defense on July 13, according to a court order issued on Thursday, June 29. In a legal document filing, the SEC submitted a request to the court for a three-business-day extension. This extension was sought to provide the SEC [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":116372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-116371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/116371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=116371"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/116371\/revisions"}],"predecessor-version":[{"id":116373,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/116371\/revisions\/116373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/116372"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=116371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=116371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=116371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}