Coinbase's Legal Battle with SEC Boosts Share Price by 40%

The SEC vs Coinbase case has been scheduled for July 13 after Coinbase employed a "creative" defense strategy by filing its response 40 days before the deadline. The court granted the SEC an extension of three business days to respond. The pre-trial conference has been converted to a pre-motion conference, where Coinbase will seek judgment on the pleadings. Coinbase argues that many of the tokens in question fall outside the SEC's authority. The court appearance on July 13 will determine if Coinbase can proceed with its motion.