According to blockchain information platform BlockBeats, the U.S. Securities and Exchange Commission (SEC) will respond to Coinbase’s first legal defense on July 13. The hearing date is much earlier than originally planned. This is because Coinbase adopted an innovative defense strategy.
According to reports, Judge Katherine Polk Failla will decide whether to allow Coinbase to proceed with its motion to dismiss filed yesterday during a court appearance on July 13. Interestingly, Coinbase submitted its first response 40 days before the deadline (August 7), so the court changed the original pre-trial conference to a pre-motion conference and moved the date from August 24 to July 13th.
In this lawsuit, Coinbase’s position is that the digital assets listed on its platform do not fall under the jurisdiction of the U.S. Securities and Exchange Commission (SEC). The final outcome of this incident may have important consequences for the crypto market.