Judge Extends Deadline for U.S. Securities and Exchange Commission To Produce Documents in Coinbase Court Battle

A choose has granted the US Securities and Alternate Fee’s (SEC) request for an extension of the deadline for submitting paperwork associated to the lawsuit towards the cryptocurrency trade Coinbase.

The SEC first sued the trade in June 2023 for allegedly violating securities legal guidelines, together with promoting unregistered securities and working an unregistered brokerage agency.

This summer time, Coinbase requested District Choose Katherine Polk Failla to order the regulator to hunt and produce paperwork associated to previous communications with crypto issuers. The trade additionally argued that the SEC ought to higher report the paperwork it withholds.

Earlier this month, Failla partially granted and partially denied Coinbase’s movement.

The SEC then requested the choose to increase the invention deadline by 4 months, from October 18 to February 18. The regulator says it’s “analyzing at the least 133,582 distinctive paperwork” and desires time to adjust to the choose’s order.

Failla gave the inexperienced mild for the extension of the deadline on Thursday.

In June, Coinbase additionally filed a countersuit towards the SEC and the Federal Deposit Insurance coverage Company (FDIC), accusing the regulators of performing exterior their jurisdiction, trying to “cripple” the crypto business and violating the Freedom of Info Act to avoid. FOIA) requests.

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