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Consensys executives: Expect a ruling on the company's lawsuit against the SEC around December
2024-07-03 07:14:31
Odaily News A federal judge has approved a timetable for the court to review Consensys' lawsuit against the SEC and its commissioners. In a July 1 filing with the U.S. District Court for the Northern District of Texas, Judge Reed O'Connor set deadlines for SEC and Consensys lawyers to submit opening statements and objections by September and November, respectively. In addition, the judge gave the SEC a 28-day grace period to respond to the lawsuit. According to the schedule, all five SEC commissioners and regulators must submit responses by July 29 and a statement of defense by November 26. Bill Hughes, senior legal counsel and director of global regulatory affairs at Consensys, posted on social media on July 2 that he expects the case to be decided around December. (CryptoSlate)