Coinbase vs SEC Case Paused: Will the New Crypto Task Force Change SEC’s Strategy?

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  Could the newly formed Crypto Task Force push the U.S. Securities and Exchange Commission (SEC) to change its approach to cryptocurrency regulation? Recent developments suggest the SEC is stepping back from aggressive legal action against major crypto firms like Coinbase and Binance. But why now?

With ongoing lawsuits, leadership changes, and growing pressure for clearer rules, the SEC’s next steps could shape the future of crypto in the U.S.

Here’s what we know so far.

Last month, Coinbase gained some relief in its legal battle with the SEC when Judge Failla paused proceedings. The court also allowed Coinbase to file an interlocutory appeal to clarify whether existing securities laws apply to digital assets traded on the exchange.

An interlocutory appeal lets a party challenge part of a ruling while the rest of the case continues. The SEC was originally expected to respond to Coinbase’s appeal request by February 14, 2025.

Legal experts, including Fox Business journalist Eleanor Terrett, predicted that the SEC might ask for an extension. As expected, the agency has now formally requested an additional 28 days to respond to Coinbase’s appeal. Coinbase has accepted the request.