Coinbase secures important win in legal dispute against the SEC, crypto community cheers
District Judge Katherine Polk Failla of the United States District Court Southern District of New York granted a Coinbase motion for an interlocutory appeal in their lawsuit against the US Securities and Exchange Commission (SEC) in a Jan. 7 ruling.
Judge Failla claimed that the parties seek clarity on an “important legal issue,” although they “tussle” over which court has the proper tools to clarify.
As a result, Coinbase can now appeal the SEC accusations to the Second Circuit of the US Court of Appeals. Court proceedings will remain halted until a decision comes out on whether an investment contract requires an actual contract.
An interlocutory appeal is a legal procedure allowing a party to appeal a trial court’s ruling while…
