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SEC Seeks Extension on Coinbase Appeal The SEC has requested a 28-day extension to respond to Coinbase's appeal, pushing the deadline to March 14, 2025. This extension arises as the SEC reviews ongoing cryptocurrency regulatory issues. Coinbase consents to this motion, and the SEC emphasizes that granting the extension will not prejudice any party involved. This request follows a previous 14-day extension and coincides with the launch of the SEC's crypto task force aimed at developing regulatory frameworks for crypto assets. Recent leadership changes at the SEC may lead to a more crypto-friendly regulatory environment, possibly affecting the ongoing case with Coinbase. #SEC#Coinbase#Crypto#Regulation#Blockchain#CryptoTaskForce#Finance#Law#Appeal#Innovation#Investing#Market#Assets#Token#DeFi#Web3#VC

US Forms Joint Group for Crypto Rules David Sacks announced a joint working group of the U.S. House and Senate, focusing on advancing cryptocurrency legislation, starting with stablecoins. Additionally, a feasibility study for a U.S. Bitcoin reserve is underway. Read more. Senator Bill Hagerty has introduced legislation for a regulatory framework for stablecoins. Details here. #US#Crypto#Stablecoins#Bitcoin#Legislation#Securities#DeFi#Blockchain#Finance#DavidSacks#Senate#House#BitcoinsReserve#BAMM#FraxFinance#Hagerty#SEC#CryptoTaskForce#Regulation