The SEC wants more time to respond to Coinbase’s appeal. This adds another chapter to their ongoing legal battle.
Why the Delay?
The SEC asked the court to push back its response deadline from February 14th to March 14th. The main reason? They’re busy forming a new crypto task force. This task force, led by Hester Peirce, is working on a better way to regulate digital assets. The SEC believes this task force’s work might help solve the whole dispute over whether crypto is a security, saving everyone time and effort in court. Coinbase is okay with the extension.
More Than Just Coinbase
This isn’t the only case where the SEC is asking for more time. They also asked for a 60-day delay in their case against Binance, citing similar reasons – needing time to figure out crypto regulation. They plan to update the court after those 60 days.
What it Means
This shows the SEC is trying to create a clearer regulatory framework for crypto. Whether this will lead to a resolution with Coinbase and Binance remains to be seen.
