The US Securities and Exchange Commission (SEC) will provide its response to Coinbase's initial legal defense on July 13. as stated in a court order published on Thursday, June 29. The SEC had requested a three-business-day extension to adequately prepare it the s response to the letter submitted by Coinbase, and the defender has granted the extension. The original deadline for the SEC's response was July 3. 2023. but the court, upon the SEC's request, set a new date of July 13.
Alongside this extension, the court rescheduled the pre-trial conference to a pre-motion conference, which will now take place at 2:00 pm UTC on July 13. instead of the previously scheduled date of August 24. A pre-motion conference involves the court addressing specific matters raised by prosecutors or defense attorneys before the trial. Coinbase recently filed a letter with the court, dated June 28. 2023. seeking permission to file a motion for judgment on the complaint under Federal Rule of Civil Procedural ure 12(c ). This motion was a response to the SEC's complaint, and Coinbase had previously submitted a detailed 177-page response to the complaint well in advance of the August 7 deadline.
In motions for judgment on pleadings, it is important to note that the judge has the authority to review all relevant pleadings filed in the case, including the defender's responses. Coinbase's response included a comprehensive "preliminary statement" outlining its legal arguments to dismiss the case , providing substantial material for the judge to consider. Coinbase has disputed the SEC's complaint, asserting that the SEC's jurisdiction does not extend to the large number of tokens mentioned in the case.
Overall, the court order grants the SEC additional time to respond to Coinbase's legal defense, reschedules the pre-trial conference, and allows Coinbase to file a motion for judgment on the complaint. These proceedings will play a crucial role in determining the outcome of the case between Coinbase and the SEC.
