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Sujit Kumar
Feb 15, 2025
by Sujit Kumar

SEC Requests 28-Day Extension on Coinbase Appeal Review

Coinbase Appeal Review

Table of contents

  1. Background on the Legal Battle
  2. Broader Regulatory Context and Market Impact
The U.S. Securities and Exchange Commission (SEC) has filed for an additional 28 days to review Coinbase’s appeal in its ongoing legal dispute. In a filing dated February 14, the SEC argued that its recently established crypto task force—led by Commissioner Hester Peirce under Acting Chair Mark Uyeda—may play a key role in resolving the nearly two-year-old case. Consequently, the deadline for the SEC’s response has been extended from February 14 to March 14.

Background on the Legal Battle

Coinbase initially appealed on January 21, contesting the SEC's claim that crypto transactions on its platform qualify as securities. This appeal followed Judge Katherine Failla’s decision to grant an interlocutory appeal and pause all proceedings until the Second Circuit reviews the matter. The legal battle began in June 2023 when the SEC sued Coinbase for allegedly offering unregistered securities by failing to register as a broker, national securities exchange, or clearing agency.

Broader Regulatory Context and Market Impact

This extension request follows a similar motion by the SEC and Binance, which recently asked a judge for a 60-day pause in their lawsuit. Meanwhile, Coinbase continues to solidify its market position, holding over $420 billion in digital assets on behalf of its users—surpassing traditional financial institutions in asset management. Coinbase CEO Brian Armstrong recently emphasized that President Trump’s crypto agenda is a major topic at global forums like Davos, reflecting the growing importance of digital assets in mainstream finance.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Coinbase Appeal Review
SEC Requests 28-Day Extension on Coinbase Appeal Review
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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