Reported 5 months ago
Coinbase is seeking to appeal to a higher court in its legal battle with the U.S. SEC over whether digital asset transactions with no obligations to the original issuer should be considered investment contracts regulated by the SEC. The company's appeal aims to have a key legal question addressed by a higher court, arguing that this could significantly impact the multi-trillion-dollar industry. The SEC has pushed back, stating that Coinbase has not made a strong case for the appeal. This dispute could have broader implications for the cryptocurrency industry and SEC enforcement actions.
Source: YAHOO