• Coinbase has challenged the SEC’s move to strike out its defense in a recent filing.
• The exchange argued against delays in its hunt for dismissal ahead of a crucial hearing.
• A pre-motion conference scheduled for Thursday, July 13 will determine whether Coinbase is granted permission to file its motions to dismiss.
Coinbase Challenges SEC’s Motion to Strike
Coinbase has recently filed a response challenging the US Securities and Exchange Commission’s (SEC) motion to strike out its defense. The crypto exchange argued against delays in its quest for dismissal ahead of a crucial hearing on Thursday, July 13th.
Coinbase Argues Major Questions Doctrine
In the Wednesday, July 12 letter to Judge Katherine Polk Failla, Coinbase lawyers highlighted that the SEC must prove that no question of fact or law may allow the defense to succeed in its motion to strike. They argue that their response offered factual and legal reasons why the major questions doctrine should prevent the SEC from asserting jurisdiction over the crypto markets.
Hearing Set To Determine Permission To File Motions To Dismiss
The exchange’s letter comes ahead of a pre-motion conference scheduled for Thursday, July 13 which will determine whether Coinbase is granted permission to file motions to dismiss. Crypto legal commentator James “MetaLawMan” Murphy commented that this process is typically routine and permission is usually granted.
Coinbase Urges Fast Timeline For Motion Hearing
Nevertheless, Coinbase lawyers urged that any proposed schedule for filing motions should not interfere with their own proposed timeline for their motion for judgment on the pleadings. They believe that this briefing should be independent from any other plans or schedules set by either party involved in this case.
Conclusion
The case between Coinbase and SEC is continuing as both parties make moves towards resolution before an upcoming hearing determining whether or not Coinbase will be able to bring forward motions to dismiss at all