{"id":137548,"date":"2024-09-19T21:30:52","date_gmt":"2024-09-19T18:30:52","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137548"},"modified":"2024-09-19T17:59:25","modified_gmt":"2024-09-19T14:59:25","slug":"sec-seeks-delay-in-coinbase-case-whats-behind-the-four-month-extension","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sec-seeks-delay-in-coinbase-case-whats-behind-the-four-month-extension\/","title":{"rendered":"SEC Seeks Delay in Coinbase Case: What\u2019s Behind the Four-Month Extension?"},"content":{"rendered":"<p>The agency <strong><a href=\"https:\/\/x.com\/iampaulgrewal\/status\/1836567868965580921?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">cites<\/a><\/strong> the need to review over 133,000 documents as justification for the delay.<\/p>\n<p>This extension, the first in a case with major implications for the crypto sector, has sparked speculation about possible political motivations behind the move.<\/p>\n<p>Critics suggest the delay might be a strategy to avoid further scrutiny amidst rising political tensions over cryptocurrency regulation. The SEC is already under fire for its handling of the Ripple case and its broader approach to crypto regulation.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/2024-crypto-prospects-trump-could-boost-u-s-harris-may-push-firms-abroad\/\" title=\"2024 Crypto Prospects: Trump Could Boost U.S., Harris May Push Firms Abroad\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/kamala-harris000_364P7KX-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">2024 Crypto Prospects: Trump Could Boost U.S., Harris May Push Firms Abroad<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In a separate legal battle, Coinbase is pushing for transparency through a Freedom of Information Act lawsuit against the FDIC. The company\u2019s Chief Legal Officer, Paul Grewal, is seeking information on whether regulators have pressured banks to sever ties with crypto firms.<\/p>\n<p>This move aims to reveal any behind-the-scenes influence on the banking sector\u2019s relationship with cryptocurrencies.<\/p>\n<p>As debates over crypto regulation continue, political figures are divided. Democrats have opposed recent bipartisan crypto bills, while Republican Representative Richie Torres has criticized the SEC\u2019s classification of Ethereum as a security. The evolving regulatory environment remains a hot topic in the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC has sought a four-month extension in its investigation related to Coinbase, pushing the deadline to February 2024, just after the US presidential election.<\/p>\n","protected":false},"author":7,"featured_media":31116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-137548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Seeks Delay in Coinbase Case: What\u2019s Behind the Four-Month Extension?<\/title>\n<meta name=\"description\" content=\"The SEC has sought a four-month 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