- Coinbase (NASDAQ:COIN) seeks to file an interlocutory appeal in the lawsuit against the SEC.
- The exchange wrote a letter to Judge Katherine Failla.
- Coinbase referred to Judge Amy Jackson’s ruling in the Binance vs. SEC case.
Buoyed by a recent court ruling in favor of Binance, Coinbase has appealed in a letter to Judge Katherine Polk Failla, urging her to reconsider its request for an interlocutory appeal in its own ongoing legal battle against the Securities and Exchange Commission.
The leading American crypto trading platform cited Judge Amy Berman Jackson’s ruling in the Binance case, arguing that conflicting rulings on the Howey Test, the legal framework for determining whether an asset is a security, necessitate a higher court’s intervention to clarify the regulatory landscape for digital assets.
Fox journalist Eleanor Terrett detailed the events leading to this letter. In April, Coinbase initially sought permission from Judge Failla to file an interlocutory appeal, arguing that there are “substantial grounds for differences of opinion” regarding the application of the Howey Test to cryptocurrencies. This request followed Judge Analisa Torres’ ruling that XRP…
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