The United States Securities and Exchange Commission (SEC) is scheduled to present its response to Coinbase’s initial legal defense on July 13, as stated in a court order issued on June 29.
In a legal filing, the SEC requested a three-business-day extension to allow sufficient time for preparing a response to Coinbase’s letter. The defendants, Coinbase, agreed to the extension request.
Initially, the SEC had until July 3, 2023, to file its response to Coinbase’s letter, as per Rule 4(A) of the court’s individual rules. However, Judge Katherine Polk Failla approved the SEC’s request for an extension, moving the new deadline to July 13.
Furthermore, the court rescheduled the pre-trial conference to a pre-motion conference, now set for July 13 at 2:00 pm UTC, instead of the previously scheduled date of August 24. A pre-motion conference is a proceeding where the prosecution or defense attorney seeks a ruling on a specific matter before the trial.
In the meantime, Coinbase recently filed a letter to the court on June 28, 2023, seeking permission to file a motion for judgment on the pleadings under Federal Rule of Civil Procedure 12(c). This motion is in response to the SEC’s complaint. Prior to this, Coinbase had also submitted a 177-page answer to the complaint, 40 days ahead of the August 7 deadline.
It is important to note that in the context of a motion for judgment on the pleadings, the judge has the authority to review additional pleadings submitted in the case, including the defendant’s answer to the complaint. Coinbase’s answer included a comprehensive “Preliminary Statement” outlining its legal arguments for dismissing the case, providing substantial material for the judge to consider.
Coinbase has countered the SEC’s complaint by asserting that a significant number of the tokens mentioned in the case fall outside the commission’s jurisdiction.
Get $200 Free Bitcoins every hour! No Deposit No Credit Card required. Sign Up