|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Attorneys for Coinbase Urge Southern District of New York to Reconsider Interlocutory Appeal Filed on Behalf of the Company in April 2024
Oct 06, 2024 at 03:04 am
Attorneys for Coinbase urged Southern District of New York choose Katherine Falia to rethink an interlocutory enchantment filed on behalf of the alternate in April 2024
Attorneys representing cryptocurrency alternate Coinbase (NASDAQ:COIN) have urged a choose within the Southern District of New York to reconsider an interlocutory enchantment filed on behalf of the alternate in April 2024 — citing the Securities and Trade Fee’s (SEC) latest discover of enchantment within the Ripple lawsuit.
In line with an Oct. 5 letter, attorneys for Coinbase argued that the SEC’s enchantment is an admission that the factors listed within the regulator’s Howey Check — a set of circumstances that should all be fulfilled to categorise a monetary instrument as a safety — have been ambiguous and warranted nearer examination.
Attorneys for Coinbase ship letter to courtroom urging approval of an interlocutory enchantment first filed in April 2024. Supply: Eleanor Terrett.
The attorneys additionally asserted that the enchantment signifies the “industry-wide significance” of the appliance of the Howey take a look at, warranting a extra thorough authorized overview of the information within the ongoing Securities and Trade Fee vs. Coinbase Inc. and Coinbase World lawsuit. Coinbase’s authorized counsel harassed:
“The SEC has conceded, and now reconfirms by its enchantment in Ripple, that the problems offered by Howey’s utility to secondary-market digital asset transactions are of “industry-wide significance.” Immediate and full appellate overview is urgently wanted.”
Monetary companies lawyer James Murphy remarked that it was extremely uncommon that the courtroom didn’t rule on Coinbase’s movement for interlocutory enchantment when it was filed in April — noting that these motions are normally arbitrated shortly. The lawyer additionally praised the authorized staff’s technique of leveraging the recent SEC appeal within the Ripple case to push for an interlocutory enchantment.
Associated: Coinbase to delist non-compliant stablecoins under EU MiCA rules
Different latest developments in SEC vs. Coinbase
In a Sept. 18 submitting, the Securities and Trade Fee petitioned the courtroom for a February 2025 extension to provide discovery paperwork for Coinbase. The paperwork have been initially scheduled to be offered to the courtroom by Oct. 18, 2024.
On Sept. 24, a panel of judges described the SEC’s refusal to supply Coinbase with clear guidelines and tips for digital property — a request the alternate made to the federal government regulator in 2022 — as lacking clear rationale.
Extra lately, in Oct. 2024, Coinbase petitioned the courtroom to compel the Commodities Futures Buying and selling Fee (CFTC) to launch its communications with token issuers, which the Coinbase authorized staff believes will present readability on which digital properties qualify as securities.
Journal: Godzilla vs. Kong: SEC faces fierce battle against crypto’s legal firepower
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Silent Hill 2: Wood Side Apartments Walkthrough - All Collectibles: Memos, Strange Photos, Glimpses of the Past
- Oct 06, 2024 at 10:25 am
- In this second part of our Silent Hill 2 Walkthrough, which presents a step-by-step guide to completing the entire game on PS5, including Collectibles, we'll be covering the Wood Side Apartments.
-
- SHIB Community Expresses Excitement Over the Prospect of the Token Reaching a New ATH Despite a Challenging Market Environment
- Oct 06, 2024 at 10:20 am
- The Shiba Inu (SHIB) community recently expressed excitement over the prospect of the token reaching a new all-time high (ATH) despite a challenging market environment in October.
-
- Polymarket Betting Site Sees Rapid Hike in User Activity and Transactions Driven by U.S Election Betting
- Oct 06, 2024 at 10:15 am
- Blockchain-based betting site, Polymarket, has seen a rapid hike in user activity and transactions over the last few months. In fact, according to Dune Analytics, all-time trading volumes on Polymarket have surpassed $2 billion now
-
- Injective (INJ) and Uniswap (UNI) See Bullish Signs, But Savvy Traders Switch to Rollblock's (RBLK) Presale that Rallied by 200%
- Oct 06, 2024 at 10:15 am
- Injective's daily on-chain addresses surged by a staggering 2,000% after surpassing 1 billion transactions, hinting at increased interest in the Injective blockchain ahead of Q4's bull market.
-
- Device Extracts Water from the Air Using Nothing More than Gravity
- Oct 06, 2024 at 10:15 am
- A team of international researchers, led by KAUST Professor Qiaoqiang Gan, has designed a device that can potentially run with no electricity and extract water from the air with the help of nothing but gravity.