The U.S. Securities and Exchange Commission is seeking a four-month extension to XEM documents in its lawsuit against Coinbase. In crypto news today, Cardano founder revealed he will meet with Argentine President Javier Milei next month to discuss crypto, and Solana just launched its “Seeker” smartphone — the second iteration of its crypto-enabled mobile device.
SEC Requests Extension in Coinbase Case
The U.S. Securities and Exchange Commission has filed a request for a four-month extension until February 2025 in its ongoing case against Coinbase. The delay is reportedly due to the large volume of documents that the actors claim they need time to XEM .
By order:
“The SEC is currently XEM at least 133,582 unique documents. The requested extension will provide the SEC with the time necessary to comply with the Court’s Order.”
If approved, the extension could push a potential trial into 2025. The development comes amid discussions about the SEC’s Vai in crypto oversight and lawsuits against other crypto companies.
Cardano Founder Meets Argentine President Milei
Cardano founder Charles Hoskinson will meet with Argentine President Javier Milei in October to discuss the cryptocurrency economy.
Hoskinson told TinTucBitcoin in an interview that he will be visiting the Argentina Tech Forum to discuss the future of blockchain in a conversation with the Argentine president on October 19.
During the upcoming meeting, Hoskinson expects to discuss blockchain's potential to transform global economic, political, and social systems.
He said he would also raise questions about Argentina's values and needs in the technological landscape, whether the country should create a central bank digital currency and what partners it needs to rebuild its economy.
Source: Mauro Andreoil
“We have had a lot of discussions with his administration, and I may meet with him on the 19th, but at some point in that timeframe, we have had discussions with people who work with him and the forum about what the future of blockchain looks like,” Hoskinson said. He added:
“This is not just a discussion about Cardano, but about a whole family of technologies.”
Solana Launches New Device Seeker: More Than Just a “Memecoin Phone”
Solana has just unveiled its latest smartphone called “Seeker.” The device costs half the price of its predecessor, the Saga, and according to the team, it’s more of a “memecoin phone.”
The Seeker's predecessor — a smartphone called the Saga — was criticized in 2023 for its technical capabilities compared to devices like the iPhone and Google Pixel.
Solana Labs CEO Emmett Hollyer said the Seeker will have a higher-quality display, better cameras, and an upgraded battery, making it “lighter, brighter, and better” than the Saga.
Solana launches Seeker at the TOKEN2049 conference in Singapore. Source: Solana Mobile
The phone will also come with financial incentives for users, but the team doesn't want users to think it's just a phone to get free Token .
“Seeker, like Saga, will be a reward magnet, but also a huge opportunity for teams to build entirely new experiences,” Hollyer told TinTucBitcoin. He added that the new device will feature an upgraded decentralized application (DApp) store and improved hardware.
“It's not a memecoin phone. It's going to enable all the great use cases on the network, whether it's memecoin, DeFi [decentralized finance], payments, or gaming.”
Hollyer believes that an open and unrestricted DApp store will allow developers to quickly launch and deploy new applications to Seeker users to better capture emerging patterns and use cases.
