Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered
Summary
Coinbase filed for an interlocutory appeal to address whether a digital asset transaction without post-sale obligations is an investment contract regulated by the SEC. The company argues that this is a novel legal question that could impact the industry. The SEC opposes the appeal, claiming lack of legal grounds. The resolution of this question could influence other SEC enforcement clashes with the industry. Additionally, Coinbase lost a U.S. Supreme Court argument over a narrow question on arbitration disputes.
