Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered

After the company’s effort to dismiss the SEC’s enforcement case against it was rejected in federal court, Coinbase lawyers on Friday filed for a so-called interlocutory appeal that seeks to get one question considered at the next level up: Is a digital asset transaction that poses no obligation to the original issuer of the asset an investment contract regulated by the SEC?

Coinbase’s filing described the query as “a novel legal question in a regulatory action against a market leader that could shape or distort a multi-trillion-dollar industry.”

Source: Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered