Claim BonusCourt Approves SEC And Coinbase’s Proposal; SEC’s Amicus NFI Seeks Oral Arguments
The court has approved Coinbase and the U.S. Securities and Exchange Commission’s (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’s amicus curiae New Finance Institute (NFI) sends a letter to Judge Failla seeking a few minutes from the allotted oral argument minutes. NFI requested the court despite the SEC and Coinbase believed that amici’s arguments are adequately set forth in the briefs.
Judges Signs Order in Coinbase and SEC Lawsuit
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.
“The court is in receipt of the parties’ joint letter regarding the schedule for the January 17 oral argument and accepts the parties’ proposal,” ordered Judge Failla.
Parties requested equal hours 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’s authority to oversee and regulate the crypto industry with the U.S. Congress’ crypto regulatory framework still in the pipeline.
Also Read: Yearn.finance (YFI) Price Crashes 45% Within Hours, What’s Happening?
NFI Seeks Minutes From Oral Arguments
Coinbase and the SEC believe the arguments and positions stated by the amici are adequately set forth in the briefs. However, the SEC’s amicus curiae New Finance Institute seeks 10 minutes oral argument out of the total time allotted hours.
“My client’s 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,” said NFI.
Also Read: Bloomberg Analysts Expect Delays In All ETFs As US SEC Defers Two Spot Bitcoin ETF
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Arthur Hayes Blames BlackRock’s IBIT Hedging for Bitcoin Crash as BTC Price Rebounds 7%
- When Will the Crypto Winter Finally End?
- Crypto Market Bill Nears Key Phase as White House Sets Feb 10 Meeting to Reach Deal
- Bitcoin Reclaims $70K as Experts Signal a BTC Bottom
- 3 Reasons Why the XRP Price Is Up 20% Today
- Bitcoin Price Prediction as Funding Rate Tumbles Ahead of $2.1B Options Expiry
- Ethereum Price Outlook as Vitalik Buterin Sells $14 Million Worth of ETH: What’s Next for Ether?
- Solana Price at Risk of Crashing Below $50 as Crypto Fear and Greed Index Plunges to 5
- Pi Network Price Prediction Ahead of PI KYC Validator Reward System Launch
- XRP Price Outlook As Peter Brandt Predicts BTC Price Might Crash to $42k
- Will Cardano Price Rise After CME ADA Futures Launch on Feb 9?
