"SEC to Respond to Coinbase's Intermediate Appeal on the 14th... Opportunity to Confirm SEC's Stance"

On the 14th (local time), the Securities and Exchange Commission (SEC) is expected to respond to Coinbase's appeal, which is seen as an opportunity to examine the SEC's approach to cryptocurrencies.

On the 11th (local time), Eleanor Terrett, a Fox Business reporter, stated on X (Twitter), "The SEC must respond to Coinbase's appeal regarding the securities trading issue by the 14th," adding, "This response from the SEC will be an opportunity to confirm the SEC's stance on cryptocurrencies."

Specifically, the SEC has four options.

First, they can oppose Coinbase's appeal request. This would mean that even after former Chairman Gary Gensler's resignation, the SEC still believes that securities laws apply to most cryptocurrencies.

On the other hand, if they accept Coinbase's appeal, it would mean that the SEC under the new administration has a different perspective on the application of securities laws.

Additionally, the SEC could request an extension for the appeal response deadline or choose to drop the lawsuit altogether.