SEC is 14. February Reply to the Appeal for coinbase “Rootly Rootno”

After the news about the Securities and Replacement Commission (SEC) and the request for stage to stop its legal battle, some believe that other crypting litigation will be next. However, the “unique” situation with coins could have shed a little light on a new cryptom approach to the Agency for the Regulatory Agency.

KOINBASE FOR FOLLOWING SEC VS BINANCE’s steps?

After the news about the joint movement of SEC and Binance to remain a lawsuit of the American regulator against Global CRIPTO Exchange, the industry speculated that other cryptic litigations, including coinbase, will be adequately.

As export Bitcoinist, regulatory agency and Bynant recently requested a 60-day break about its legal battle, claiming that new changes to the Commission could affect the case. The joint movement states that SEC is a newlyvested Working Group Krupto, led by the Hester Peirce Commissioner, could “influence and facilitate potentially resolving this case”.

According to FOX Business Journalist Elizabeth Terret, the joint request for pausing crattiful punnies in the field, because Mark UIeda became an acting chairman SEC 10. January, such as other cases of non-scams, such as Ripple, Kointbase and Kraken to do the same.

Still, Termet is listed This is, compared to other cryptian companies, coinbass in the “unique situation”, as the legal battle of the CRIPTO Exchange was stopped last month. The journalist noted that the exchange expects the Second Response to his complaint about the CRIPTO store classification.

FOX Business journalist weighs in on SEC vs Coinbase case. Source: Eleanor Terret on X

The American guard sued Crypto Exchange 2023. years, stating that the waitresses works as a unregistered broker-dealer and an illegally sold unregistered securities through her constant program.

7. January New York Federal Judge Katarina Failla approved the “rare” interlocutory appeal, based on “conflicting decisions” from previous cryptological cases and the need for clarity on how the Hovei test is applied to cryptian property.

An interlocating complaint allows coinbass to challenge the SEC request in the second round of the Appeals Court. 21. January 2025 years, exchange submit Petition for the appeal permit.

In the petition, coins requested that the US Appeals Court excludes the CRIPTO trades not securities, claiming that millions of users, the company and regulators “should clearly require what federal securities laws require.”

The exchange stated that there was no longer a pressed issue in the Law on Securities Securities, but the Secondary Digital Association “and that the CRIPTO case was” idea “to solve this issue and ensure that issue.

The CRIPTO industry expects a valentine’s day

SEC Rok replied to the Coinbase request to file an appeal this Friday, 14. February. The agency’s response could have been a little bit of light as the US agency would bring the crypt closer litigation Under the new gardener and a new regulatory approach.

According to Terret, SEC could oppose the complaint request, which would suggest that SEC continues to claim that the laws on securities relate to most cryptological tokens because the former chairman of Gari Gensler was done. The journalist noted that UIeda and Peirce stated that the law in this area was not clear.

The regulatory agency could not oppose the appeal request, signals that SEC “wants to solve the question of how the securities relating to the crypt.” According to the Commissioner, this is a question addressed by the crypto working group.

And finally, the SEC could or prompt to extend the deadline or decide not to continue and reject the case. Terret concluded that the Commission’s response to coinbas will “take a lot in terms of the way the agency plans to submit ongoing cases of cases that establish a law on securities.”

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