Coinbase has submitted a request to appeal a judge’s ruling from the previous month, which allowed the SEC’s litigation against them to proceed.
Coinbase is seeking a clear ruling from a higher court to remove any uncertainty regarding the SEC’s ability to classify some digital asset transactions as investment contracts.
SEC vs Coinbase So Far
In January, Coinbase and the SEC debated whether the regulator has authority over cryptocurrency exchanges unless Congress explicitly grants it. Furthermore, a legal challenge in mid-March alleged that the regulator had not correctly regulated cryptocurrency. However, it is not directly linked to Coinbase’s ongoing legal battle with the SEC.
Coinbase was accused of unlawfully operating as an exchange, broker, and clearing agency. The court dismissed the allegation that the exchange acted as an unregistered broker via its Wallet application. As a result, the SEC only partially won the case, causing Coinbase’s stock to drop b
We współpracy z: https://www.thecoinrepublic.com/2024/04/13/coinbase-fires-back-at-sec-files-apeal-for-the-case/
