Judge signs off on expedited schedule for Consensys suit against SEC
While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm.
A federal judge overseeing software firm Consensys’ lawsuit against the United States Securities and Exchange Commission (SEC) and its commissioners has greenlighted a timeline for the court to consider the case’s merits.
In a July 1 filing in the U.S. District Court for the Northern District of Texas, Judge Reed O’Connor granted a motion requiring SEC and Consensys lawyers to file opening and opposition briefs by September and November, respectively. The judge also granted the SEC a 28-day extension to respond to the complaint.
As part of Judge O’Connor’s timeline, all five SEC commissioners and the regulator will need to file answers by July 29, with reply briefs filed by Nov. 26. Bill Hughes, Consensys’ senior counsel and director of global regulatory matters, said in a July 2 X post that he expected a ruling on the case to happen around December.
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Author: Turner Wright
