yake
@uua
Coinbase has requested approval from a judge to file an early appeal against its lawsuit against the SEC, as the SEC has recently appealed its ruling in the Ripple case. Coinbase hopes to ensure that the Second Circuit Court has a comprehensive understanding of the case by submitting appeals simultaneously. The exchange hopes to review the applicability of the 'Howey test' in digital assets, which is a traditional standard for determining securities. Although the SEC has requested to dismiss Coinbase's appeal, the judge has not yet made a ruling on it. Industry experts say that the SEC's appeal in the Ripple case strengthens Coinbase's argument and considers it a wise move. @drusilla
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