The U.S. Securities and Exchange Commission (SEC) has requested a 28-day extension in its case against Coinbase, citing potential influences from a newly established crypto task force.
Extension for the Coinbase Case
The SEC noted that its crypto task force led by Mark Uyeda and Hester Peirce might impact the proceedings. The agency views this as justification for needing additional time to prepare its response.
Requests in the Binance Case
The SEC also requested a 60-day extension in its case against Binance, with both parties agreeing that the pause could aid in reaching a resolution.
Reactions to SEC's Actions
Industry figures have noted a shift in the SEC's regulatory approach. ETF Store's Nate Geraci commented that regulatory enforcement through lawsuits is changing.
These actions by the SEC indicate a shifting strategy toward cryptocurrency regulation, prompting discussions and potential resolutions in ongoing disputes.
