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21 sats \ 13 replies \ @grayruby 24 Jul \ on: Coinbase Says SEC is Refusing to Cough Up Documents Critical for its Defense bitcoin
Coinbase is trying to delay in hopes to get a friendlier administration in January.
Honestly, under either one they are going to face a better admin. Harris has connections to crypto and is much more open to crypto than Joe was. We have already seen how open Trump and Vance are to it so both are wins. Something interesting about this though is if Coinbase wins these arguments the no matter what the info says the SEC is going to lose from the standpoint that any court is going to have grave issues with the prosecution not turning over evidence to the defense after years of the defense trying to. Throw in the almost broken chain of custody with not tabling things as they should and a ton of stuff is going to go out the door
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Don’t disagree but still think it is just a stall tactic on Coinbase’s part. If they know regardless of who wins in Nov they are getting a more friendly regime why not drag it out until then. A new SEC leadership might drop the case altogether that’s a better outcome than going through the process and risking you lose and then have to start all over with appeals.
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Stall tactics are quite useful in the American legal system.
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You have the right to a speedy trial, which you may waive. You may also delay if the strategy helps your case.
What's wrong with that?
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I am thinking more along the lines of when the government like the SEC in this instance is not turning over everything required... when the government drags its heels, which is a more and more commonplace move with the defendants having to file motions for evidence, I see as a problem. Yes, the case could be dismissed and it could even be dismissed with prejudice to prevent the government from going after them again for the original thing but again its just a longer and more drawn-out process.
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Ah, no doubt about it. The government should. not be allowed to use delay tactics. It should be forthright and transparent in all dealings with citizenry.
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I would typically say yeah its a stall tactic but they arent asking for more time they are just asking for the documents that should have already have been provided to them. I almost see this as a stalling move by the SEC in withholding the docs and making Coinabse go to the courts to get them actually
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