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Coinbase Takes SEC to Court: 3-year review period likely Coinbase just threw down the gauntlet, filing for partial summary judgment against the SEC after the feds dodged their FOIA requests on crypto rules. The SEC’s asking for a 3-year timeout to review the docs while still… https://t.co/yC9TGuXsGw
Coinbase Slams SEC with Lawsuit: Is a 3-Year Delay Just a Stall? Coinbase is going head-to-head with the SEC, filing for partial summary judgment after the agency refused to hand over documents on crypto regulations. Now, the SEC wants three years to review those docs. That's… https://t.co/GSKWLZ9BmJ
A research consultancy working with crypto exchange Coinbase plans to seek a quick win in its case to compel internal documents from the SEC after the agency allegedly said it would restart its review of the requests three years from now. https://t.co/2XVdGiYx34 https://t.co/lJlzT0RAp1
Coinbase has filed a motion in a Washington D.C. court seeking a partial summary judgment in its ongoing FOIA case against the U.S. Securities and Exchange Commission (SEC). The lawsuit aims to compel the SEC to release internal documents that could reveal how the agency classifies crypto tokens as securities. Coinbase alleges that the SEC has been delaying the release of these documents and has now requested a three-year review period. The case centers around a Freedom of Information Act (FOIA) request filed by Coinbase, which the SEC has not yet fulfilled. Coinbase's legal team argues that the SEC's stalling tactics are unjustified and seeks a court order to expedite the process. The documents are expected to shed light on the SEC's crypto enforcement strategies.