**SEC Seeks Extension in Coinbase Discovery Process**
The SEC has requested more time to produce a massive number of documents in its ongoing case against crypto exchange Coinbase. Initially, the SEC was supposed to deliver these documents by Oct. 18, but now theyâre asking for an extension until February 2025.
- **Why the Delay?** The SEC has to review over 133,000 unique documents, a task they say requires more time.
- **Courtâs Role:** If Judge Katherine Failla approves, the new deadlines will be Feb. 18 for fact discovery and April 22 for expert discovery.
- **Bigger Picture:** This case is part of a broader SEC crackdown on crypto exchanges, including ongoing cases against Binance and Kraken.
Stay tuned as this legal drama unfolds, potentially pushing any jury trial into 2025.