SEC Case Against Coinbase Set to Begin August 4

Dates are set for the Securities and Exchange Commission’s case against Coinbase, with the crypto exchange set to give its opening brief on August 4 and any amicus briefs by August 11.

The SEC’s opening brief will be conducted on October 3, with any amicus briefs due seven days later. Coinbase’s reply brief will be due 21 days later. The two parties set out the dates in a letter to District Court Judge Katherine Polk Failla that was filed on July 23.

Judge Failla has issued a scheduling order for our Rule 12(c) motion for judgment on the pleadings. We appreciate the Court's prompt attention to this matter. pic.twitter.com/XhR4hy0FDf

— paulgrewal.eth (@iampaulgrewal) July 23, 2023

Coinbase Charged

The SEC charged Coinbase with operating as an unregistered securities exchange, broker, and clearing agency on June 6. Coinbase has said the SEC allegations should be dropped for lack of merit.

On July 13, a pre-motion court hearing lasting over two hours was held between Coinbase at which District Court Judge Failla questioned both parties on matters including the definition of registered and unregistered assets, staking, and Coinbase’s initial public offering (IPO) filings.

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