May 20, 2024

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SEC to present response to Coinbase’s legal defense on July 13

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SEC to present response to Coinbase’s legal defense on July 13

The United States Securities and Exchange Commission (SEC) will present its response to Coinbase’s first legal defense on July 13, according to a court order issued on Thursday, June 29.

In a legal document filing, the SEC

In the context of a motion for judgment on the pleadings, it is important to note that a judge has the authority to review additional pleadings submitted in the case, including the defendant’s answer to the complaint. In Coinbase’s answer, it included a comprehensive “Preliminary Statement” outlining its legal arguments for the dismissal of the case, thereby providing the judge with substantial material to consider.

Coinbase has countered the SEC’s complaint by asserting that a significant number of the tokens mentioned in the SEC’s case are beyond the scope of the commission’s jurisdiction.

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