The U.S. Securities and Exchange Commission moved for a 28-day extension on Friday in the U.S. Court of Appeals for the Second Circuit in connection with its ongoing litigation against Coinbase Inc.
In doing so, the SEC pointed to acting Chairman Mark T. Uyeda’s Jan. 21 launch of the Crypto Task Force. The task force aims to help the SEC develop a regulatory framework for digital assets. And the SEC noted that the task force’s work “may affect and could facilitate the potential resolution of both the underlying district court proceeding and potential appellate review, conserving judicial resources.”