SEC to respond to Coinbase’s defense on July 13 as court grants extension.
The United States Securities and Exchange Commission will present its response to Coinbase’s first legal defense on July 13, according to a court order issued on Thursday, June 29.a request to the court for a three-business-day extension. This extension was sought to provide the SEC adequate time to prepare a response to the letter submitted by Coinbase, the defendant. The defendants have agreed to the request.
The previous deadline for the SEC to file its response to Coinbase’s letter was July 3, 2023, according to Rule 4 of the court’s individual rules. However, Judge Katherine Polk Failla approved the SEC’s request for more time and set the new date of July 13. In addition, the court rescheduled the pre-trial conference to a pre-motion conference, bringing it forward to July 13 at 2:00 pm UTC instead of its original date of Aug 24. A pre-motion conference is a request presented by the prosecutor or defense attorney to the court seeking a ruling on a specific matter prior to the trial.
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.
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