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Coinbase Says SEC is Refusing to Cough Up Documents Critical for its Defensedecrypt.co/241308/coinbase-sec-refusing-documents-critical-defense
201 sats \ 15 comments \ @Cje95 24 Jul bitcoin
Poor Gary... looks like another big fat L is coming up for him!
Seriously what he is doing is just criminal at this point... He should personally have to reimburse the government for all of his failed legal crusades. It would make him think twice that is for sure
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21 sats \ 13 replies \ @grayruby 24 Jul
Coinbase is trying to delay in hopes to get a friendlier administration in January.
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20 sats \ 12 replies \ @Cje95 OP 24 Jul
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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0 sats \ 11 replies \ @grayruby 24 Jul
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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20 sats \ 7 replies \ @TNStacker 24 Jul
Stall tactics are quite useful in the American legal system.
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31 sats \ 6 replies \ @Cje95 OP 24 Jul
To me what always blows my mind is the legal system WAS supposed to give you the right to a speedy trial of your peers.... somehow we (US) seem to have completely forgotten this
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10 sats \ 5 replies \ @TNStacker 24 Jul
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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73 sats \ 4 replies \ @Cje95 OP 24 Jul
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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10 sats \ 3 replies \ @TNStacker 24 Jul
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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20 sats \ 2 replies \ @Cje95 OP 24 Jul
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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0 sats \ 1 reply \ @grayruby 24 Jul
File the motion. Wait for judge to grant or deny. If they do grant they will give the SEC x time to compel. SEC will say they need more time. Once Coinbase gets docs they will say they need more time because docs are new to them.
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10 sats \ 0 replies \ @Cje95 OP 24 Jul
True but at least from what I have seen and heard if there are docs being withheld and they really are paramount to Coinbases defense the judge could start tossing stuff out or make certain pieces the SEC plans to use against Coinbase off limits
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0 sats \ 0 replies \ @Satosora 24 Jul
The SEC is crooked? No way, I wouldnt have imagined that at all. They dont target the people they dont like!
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