SEC Seeks Coinbase Case Extension

SEC Seeks Extension in Coinbase Case Amid Potential Settlement Talks

• The SEC filed for a four-week extension to respond to Coinbase’s appeal.
• The current deadline for the SEC’s response is set for February 14.
• Coinbase appealed a ruling that it sold unregistered securities.
• The SEC’s new crypto task force may aid in resolving the case.
• Acting SEC Chair Mark Uyeda and Commissioner Hester Peirce are involved.

The SEC has requested a four-week extension to its February 14 deadline to respond to Coinbase’s appeal, citing the potential impact of its new crypto task force on resolving the case. This move follows an earlier extension request in a separate case involving Binance.