Coinbase and SEC Filing Terms and Proposed Protective Order
The digital asset exchange, Coinbase, and the United States Securities and Exchange Commission (SEC) filed a Stipulation and Proposed Protective Order in compliance with the court’s previous decision. Specification and order means that both parties come to an agreement on certain issues and the court gives it judicial approval. As a result, if there is an alleged breach by a party, the court can enforce the terms of the contract.
Guidance Agreement for the Production of Documents
In his letter to the judge Katherine Polk Failla, both parties signed documents regarding the requests and the production of documents. According to the agreement, both parties will cooperate in good faith to resolve problems arising in the documents produced.
If the parties are unable to resolve the dispute, it shall be submitted to the court pursuant to Rule 3(C) of the Individual Rules of the Court. Additionally, if a party inadvertently shares Protected information, that party must notify the other party within a reasonable time, stating full information and the basis for the privilege claim.
Within five days of receipt, the receiving party shall return, destroy or seize any copy of the specified protected information.
Coinbase and SEC Rumble
This development comes amid an ongoing lawsuit that has sparked a lot of back-and-forth debate within the crypto community. Last week coinbase He filed an interlocutory appeal seeking to answer whether a digital asset transaction that imposes no obligations on the issuer is an investment contract.
Previously, Coinbase’s request to dismiss the SEC’s case was denied and steps were taken to appeal. SEC It has continued its regulatory efforts in the crypto sector, while firms like Coinbase have vowed to fight for regulatory clarity for the broader market.
So read: Samson Mow Warns Against Politicians’ Pro-Crypto Shift
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David is a financial news writer with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has a talent for keeping up with breaking news. Staying on top of trends, David is knowledgeable about regulations, partnerships, crypto assets, stocks, NFTs, etc. He reported in various fields such as. Away from the financial markets, David cycles and rides horses.
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