Ethereum

Fine

In the latest development in the tussle between Coinbase and the U.S. Securities and Exchange Commission (SEC), a federal judge has signed two stipulation and protective orders governing discovery. 
Coinbase and the U.S. <a href="https://coingape.com/coinbase-and-sec-file-stipulation-and-proposed-protective-order/" target="_blank" rel="noopener">SEC</a> last week submitted proposed stipulation and protective orders on the production of certain documents by the parties, and assuring confidentiality of certain information in the litigation. 
<h2 id="judge-agrees-with-coinbase-and-sec-proposed-orders">Judge Agrees with Coinbase and SEC Proposed Orders</h2> 
Judge Katherine Polk Failla signed two orders related to the discovery phase in the Coinbase vs SEC case, as per court filings dated May 28. 
Coinbase and US SEC have met and conferred on taking depositions and producing documents in the discovery phase. The court enters a stipulated order for the purpose of assuring the confidentiality of certain information revealed by <a rel="nofollow" href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.131.0.pdf" target="_blank">Coinbase</a> and the government agency. The protective order will assure that all confidential details including financial transactions, depositions, and other key details remain hidden from the public. 
<a rel="nofollow" href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.132.0.pdf" target="_blank">Judge Failla</a> also approved a proposed stipulation and proposed order under Fed. R. Evid. 502(d). This governs the unintentional production of certain documents by Coinbase and the SEC during the course of this proceeding. 
Coinbase challenged the SEC’s ability to disclose confidential documents received in the litigation. The parties have set forth their positions regarding it. The crypto exchange has also challenged the regulator’s crypto authority. 
The recently passed the Financial Innovation and Technology for the 21st Century (<a href="https://coingape.com/fit21-crypto-bill-ripple-vs-sec-torres-decision-xrp-army-impact-in-fit21-crypto-bill/" target="_blank" rel="noopener">FIT21</a>) Act by the US House shifts some authority from the SEC to CFTC. 
<h2 id="coinbase-challenges-sec-s-authority">Coinbase Challenges SEC’s Authority</h2> 
Coinbase’s filed an interlocutory appeal against the SEC on whether the securities regulator has the authority to regulate certain <a href="https://coingape.com/coinbase-lawsuit-xrp-lawyer-lauds-coinbase-strong-arguments-sec-battle/" target="_blank" rel="noopener">digital asset</a> transactions citing “investment contracts,” even when those transactions lack explicit contractual elements. Interestingly, Coinbase is leveraging the ongoing&nbsp;<a href="https://coingape.com/ripple-case-update-judge-sets-public-zoom-hearing-on-summary-judgment-testimony/" target="_blank" rel="noopener">Ripple case</a>&nbsp;as a crucial point of reference. 
Coinbase’s request to dismiss the SEC’s suit was dismissed prompting steps to appeal. The&nbsp;SEC has continued its regulatory drive on the crypto sector while firms like Coinbase have vowed to fight for regulatory clarity. 
Also Read: 
<ul> 
 <li><a href="https://coingape.com/ripple-crypto-super-pac-donation-overshadows-proposed-10m-sec-fine/" target="_blank" rel="noopener">Ripple’s Crypto Super PAC Donation Overshadows Proposed $10M SEC Fine</a></li> 
 <li><a href="https://coingape.com/dogwifhat-wif-price-surges-12-for-second-day-new-ath-soon/">Dogwifhat (WIF) Price Surges 12% for Second Day, New ATH Soon?</a></li> 
 <li><a href="https://coingape.com/xrp-lawyer-hints-sec-corruption-hinman-ethereum-case/" target="_blank" rel="noopener">XRP Lawyer Hints At SEC Corruption In Hinman Ethereum Case</a></li> 
</ul> 
The post <a href="https://coingape.com/just-in-judge-signs-key-orders-in-coinbase-vs-sec-lawsuit/">Just-In: Judge Signs Key Orders in Coinbase Vs SEC Lawsuit</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Just-In: Judge Signs Key Orders in Coinbase Vs SEC Lawsuit

Table of Contents

Coingape News Media

Other articles published on May 29, 2024

Blocksquare Hits $100M Tokenized RWA Triggering Launchpad Release (29 May)

Unlock Tomorrow’s Potential By Joining Qubetics Whitelist: Your Key to Wealth amidst Bitcoin and XRP

ETH/BTC Price Analysis: Ethereum Bulls Eye $4,500, Bitcoin Price Risks Falling To $60,000

Bitcoin ETFs see $45m in inflows

Dogecoin Founder Shares Winning Strategy for Using X Platform

Bitcoin Chosen As Treasury Reserve Asset By This Healthcare Firm Following $40M Purchase

Join our free newsletter for daily crypto updates!