SEC Rebuts Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question
Summary
U.S. regulators rejected Coinbase's request for an appeals court to review if traditional securities rules apply to cryptocurrencies. The SEC argued that Coinbase failed to present a compelling case for the review and accused the exchange of attempting to create a new legal test for crypto's fit into existing securities precedent. The decision now rests with Judge Katherine Polk Failla, who will rule on the motion for interlocutory appeal.
