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TechFlow news — Adam Cochran, partner at Cinneamhain Ventures, tweeted that the SEC now has the following options:
Delay the decision, finding new excuses to postpone;
Surrender and approve the application;
Request a rehearing en banc by the full court.
However, given the court's reasoning and its repeated observations that the SEC failed to provide any arguments supporting its position, a rehearing en banc would likely further anger the court.
Cinneamhain Ventures partner Adam Cochran tweeted that the SEC now has the following options: delay its decision, find a new excuse to postpone, give in and approve the application, or request a full panel rehearing of the case. However, given the court's reasoning and its repeated emphasis that the SEC failed to provide any arguments supporting its position, seeking a full panel rehearing would likely further anger the court.
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