Summary of the Content:
Coinbase is seeking permission from the judge to file a motion for judgment and has proposed a seven-week timetable for the motion, the SEC’s opposition, and its own response to the opposition. Coinbase’s Chief Legal Officer (CLO), Paul Grewal, expressed the company’s stance on Twitter, stating that Coinbase has filed a response and notice of intent to dismiss the SEC proceeding. Grewal highlighted Coinbase’s willingness to engage in dialogue with regulators and its belief that new laws and rulemaking are necessary for progress. The COIN share price is currently trading at $70.75, breaking above the 200-day EMA.
Key Points:
- Coinbase is seeking permission to file a motion for judgment and proposing a seven-week timetable for the motion, the SEC’s opposition, and its own response.
- Coinbase’s CLO, Paul Grewal, stated on Twitter that Coinbase has filed a response and notice of intent to dismiss the SEC proceeding.
- Coinbase emphasizes its willingness to engage in dialogue with regulators and believes that new laws and rulemaking are necessary for progress.
- The COIN share price is currently trading at $70.75, breaking above the 200-day EMA.
Hot Take:
Coinbase is taking a proactive approach in its legal battle with the SEC by filing a response and seeking permission to file a motion for judgment. The company’s Chief Legal Officer emphasizes Coinbase’s willingness to cooperate with regulators and calls for new laws and rulemaking to address the issues raised in the lawsuit. The break above the 200-day EMA in COIN share price indicates positive market sentiment towards Coinbase’s actions.
By
By
By
By