{"id":196070,"date":"2023-11-18T15:23:49","date_gmt":"2023-11-18T09:53:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/court-approves-sec-and-coinbases-proposal-secs-amicus-nfi-seeks-oral-arguments-crypto-news\/"},"modified":"2023-11-18T15:23:51","modified_gmt":"2023-11-18T09:53:51","slug":"court-approves-sec-and-coinbases-proposal-secs-amicus-nfi-seeks-oral-arguments-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/court-approves-sec-and-coinbases-proposal-secs-amicus-nfi-seeks-oral-arguments-crypto-news\/","title":{"rendered":"Court Approves SEC And Coinbase’s Proposal; SEC’s Amicus NFI Seeks Oral Arguments – Crypto News"},"content":{"rendered":"

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The court has approved Coinbase and the U.S. Securities and Exchange Commission\u2019s (SEC) proposal seeking equal time in the January 17 oral argument on the pending motion for judgment on the pleadings. After the order, the SEC\u2019s amicus curiae New Finance Institute (NFI) sends a letter to Judge Failla seeking a few minutes from the allotted oral argument minutes.<\/p>\n

Judges Signs Order in Coinbase and SEC Lawsuit<\/h2>\n

Judge Katherine Polk Failla signed an order on a joint proposal by the SEC and Coinbase to equally allot oral argument time of four hours between defendant Coinbase and the plaintiff SEC, as per a court filing late November 17.<\/p>\n

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\u201cThe court is in receipt of the parties\u2019 joint letter regarding the schedule for the January 17 oral argument and accepts the parties\u2019 proposal,\u201d ordered Judge Failla.<\/p>\n

Parties requested equal hours<\/a> to present their arguments on the pending motion for judgment on the pleadings. Both believe that their arguments and evidence are reasonable in the context of violation of securities laws. Coinbase executives hinted at challenging the SEC\u2019s authority to oversee and regulate the crypto industry with the U.S. Congress\u2019 crypto regulatory framework still in the pipeline.<\/p>\n

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Also Read: Yearn.finance (YFI) Price Crashes 45% Within Hours, What\u2019s Happening?<\/a><\/strong><\/p>\n

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NFI Seeks Minutes From Oral Arguments<\/h2>\n

Coinbase and the SEC believe the arguments and positions stated by the amici are adequately set forth in the briefs. However, the SEC\u2019s amicus curiae New Finance Institute seeks 10 minutes oral argument out of the total time allotted hours.<\/p>\n

\u201cMy client\u2019s position is consistent with the result sought by the SEC but proposes a distinct legal analysis that we believe is compelling for the Court to consider given the public policy implications presented by this case,\u201d said NFI.<\/p>\n

Also Read: Bloomberg Analysts Expect Delays In All ETFs As US SEC Defers Two Spot Bitcoin ETF<\/a><\/strong><\/p>\n

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