The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.
Lawyers for the United States Securities and Exchange Commission (SEC) requested that a court allow them until February 2025 to produce “hundreds of thousands of documents” as part of discovery proceedings with crypto exchange Coinbase.
In a Sept. 18 filing in the US District Court for the Southern District of New York, the SEC asked a federal judge to grant the commission a four-month extension to complete discovery with Coinbase. The regulator was initially expected to produce documents on Oct. 18. However, Coinbase partially won a motion to compel discovery, leading to the SEC being required to provide information on its application of securities laws for tokens.
“[...] the SEC is undertaking a review of at least 133,582 unique documents,” said the filing. “The requested extension will provide the SEC the necessary time to comply with the Court’s Order.”
