SEC Asks Court for Coinbase Case Deadline Extension, Citing ‘Potential Resolution’ Prospects
The SEC filed a motion Friday saying its new crypto task force could help it resolve its ongoing case against Coinbase.
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The SEC filed a motion Friday saying its new crypto task force could help it resolve its ongoing case against Coinbase.
The regulator could reach a decision at the end of a 21 day comment period.
Peirce also urged crypto companies to be patient as the agency decides how to “disentangle” itself from litigation initiated under former Chair Gary Gensler.
Landon Zinda, former policy director for crypto think tank Coin Center, is the task force’s new senior advisor.
The SEC published a new staff accounting bulletin rescinding SAB 121, which set certain rules for financial firms wanting to hold crypto.
In a Tuesday announcement, the SEC admitted it “can do better” when it comes to crypto regulation.
Exodus will list under its current ticker on NYSE American at the open of trading on Dec. 18
A simple executive order issued on Jan. 20 would pave the way for the crypto sector’s resurgence in the U.S.
Despite the rapidly evolving relationship between traditional finance and cryptocurrency, significant changes are not just based on market dynamics, but also political factors, says Lucas Schweiger.
Soon-to-be-former SEC Chair Gary Gensler (Nikhilesh De/CoinDesk)