SEC requests 28-day extension in response to Coinbase's appeal
The U.S. Securities and Exchange Commission has requested a 28-day extension of Coinbase's appeal as part of a long-running legal dispute between the agency and cryptocurrency exchanges over how to classify digital assets, the Internet reported. The SEC requested an extension of the deadline from February 14, the agency's original deadline for responding, to March 14. The legal dispute between Coinbase and the SEC centers on whether digital assets should be classified as securities or whether they represent a new type of financial instrument.
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