By PAUL O’DONOGHUE, Senior Correspondent
THE U.S. Securities and Exchange Commission (SEC) has requested a four-week extension in its case against Coinbase, suggesting a possible settlement.
In a filing, the SEC asked a federal appeals court for more time to respond to Coinbase’s appeal. The exchange is challenging a ruling which found the SEC had made a plausible case that Coinbase sold unregistered securities. As a result, Coinbase wants clarity on how securities laws apply to crypto.
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