Coinbase wants court approval for an interlocutory appeal in its ongoing legal battle with the Securities and Exchange Commission (SEC).
This request follows Coinbase’s original filing in April, nearly seven months ago. Coinbase aims to have the Appellate Court review the application of the “Howey Test,” a critical standard for determining securities classification.
Coinbase Request Interlocutory Appeal
In response, the SEC urged the court to deny the appeal, arguing that Coinbase lacks valid grounds for its request. Judge Failla has yet to make a decision on the initial request.
However, Coinbase has renewed its appeal following the SEC’s recent move to contest the Ripple decision. The regulator argued that the ruling contradicts Supreme Court precedents and securities regulations.
In an October 4 letter to Judge Katherine Polk Failla, Coinbase urged the court to approve its motion to certify an interlocutory appeal…
