Coinbase vs SEC court dates confirmed for opening arguments

The latest development in the United States Securities and Exchange Commission (SEC) lawsuit against cryptocurrency exchange Coinbase comes as a date is confirmed for both sides to make their opening arguments.

July 24 Coinbase Chief Legal Officer Paul Grewal he tweeted news of New York Judge Katherine Polk Fail granting the SEC and Coinbase’s joint request to proceed with the hearing.

The original document submitted by both parties emphasized that an agreement had been reached to draft and open Coinbase’s brief, which is due on August 4, 2023, along with time frames for various subsequent supporting documents and responses and the respective length of the documents.

However, no agreement was reached on a deadline for expressing opposition to the SEC, with Coinbase proposing 30 days after its initial proposal and brief and the SEC proposing 60 days.

Judge Failla responded with approval granted “in part,” which included an Aug. 4 deadline for Coinbase for initial filings and Aug. 11 for supporting documents.

It also moved forward and settled a disagreement over the SEC’s opposition date to be due on or before October 10, 2023, with Coinbase’s response on or before October 24.

Related: Ripple CEO Brad Garlinghouse: “SEC Created This Mess”

In response to the lawsuit on July 14, Coinbase announced that it would suspending the ability of customers in California, New Jersey, South Carolina and Wisconsin from filing additional assets until “further notice.”

The SEC case against Coinbase is one of them litigation related to cryptocurrencies is involved, with its Ripple Labs lawsuit a hot topic in the industry.

According to a July 17 report, Coinbase CEO Brian Armstrong is reportedly planning to meet with US lawmakers to discuss digital asset legislation and other similar topics.

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