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
Referenced by
Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court
Crypto
Article
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
Crypto
News story
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
Quote