The critical calendar of the lawsuit between the largest US crypto exchange Coinbase and the SEC, which stretches until the end of October, has been announced.
The calendar of the lawsuit filed by the US Securities and Exchange Commission (SEC) against the cryptocurrency exchange Coinbase has been announced. SEC in early June coinbase as well as to Binance sued for violating securities laws.
First word is Coinbase
The first session in the litigation calendar approved by the regulator and the stock market Friday, August 4 day will happen. On the specified date, the Coinbase front will present and defend its first arguments against the SEC’s claims.
The second stage of the litigation process is one week after the first hearing. Friday, August 11 day will happen. This session will hear statements from independent parties that support Coinbase’s arguments. “Amicus briefsThis summary session, which is defined as ” and will be presented by independent parties, Ripple (XRP) He was also seen in the trial and played a critical role in the process.
SEC will take the stage in October
In the next step of the case, the opinions of the SEC will be heard. Tuesday, October 3 The SEC will have to present its arguments against the initial summary submitted by Coinbase.
If the next important date is Tuesday, October 10 will be the day. At this critical date, independent third parties will make additional statements in support of the SEC’s arguments. This session will be the “Amicus briefs” that will be provided for the SEC side.
Coinbase’s summary arguments
Tuesday, October 24 day will act as the closing curtain of the lawsuit process. Coinbase’s summary response will be heard at this hearing, which will take place in the last week of October. On this critical day, Coinbase will have the opportunity to provide a collective response to the SEC’s arguments throughout the process.