Coinbase Takes First Big Step After Setback in SEC Lawsuit

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Coinbase Takes First Big Step After Setback in SEC Lawsuit
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Coinbase's recent move might have implications for SEC case going forward

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The recent motion seeks Judge Failla’s permission to request an interlocutory appeal on her recent order touching investment contracts. Coinbase believes the question of how the Howey test is applied to digital assets is a controlling question of law, which is a necessary condition for granting an interlocutory appeal.

Coinbase's recent move might have implications for the SEC case going forward: If the case is granted an appeal, the initial trial proceedings will be suspended until the Second Circuit Court rules.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

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