Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court

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Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court

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Question appealed by Coinbase if digital asset secondary market transaction constitute investment contract is at the heart of SEC cases against Crypto exchanges for operating as an unregistered securities exchange, brokerage and clearing agent as investment contracts are to be regulated by the SEC

Coinbase appeals a single legal disagreement with SEC from it's denied motion to dismiss SEC case against it for acting as unregistered securities exchange, brokerage and clearing agent

Coinbase is requesting higher court to weigh in if secondary market trades are investment contracts

In it's appeal Coinbase argues that the usage of the so-called Howey test by SEC to determine if cryptocurrency assets is a security leaves a "murky understanding" of what makes a security

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04

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13

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2024

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12

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Coinbase appeals part of denial of it's motion to dismiss SEC case against it for it acting as an unregistered exchange, brokerage and clearing agent

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Coinbase appeals part of denial of it's motion to dismiss SEC case against it for it acting as an unregistered exchange, brokerage and clearing agent

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https://www.coindesk.com/policy/2024/04/13/coinbase-seeks-to-take-core-question-in-us-sec-case-to-higher-court/

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Coinbase is requesting higher court to weigh in if secondary market trades are investment contracts

Crypto

Coinbase argued in its appeal request that the use of the so-called Howey test on cryptocurrency assets by the SEC has left a murky understanding of what makes a security.

Crypto

The crypto exchange is trying to appeal part of a judge's recent denial of its motion to dismiss, focusing on whether the SEC can treat secondary trades as investment contracts.

Crypto