Coinbase Appeals for Clarity on SEC's Authority Over Digital Assets

Coinbase has filed an interlocutory appeal to determine if digital asset transactions qualify as investment contracts under SEC regulation.

Coinbase seeks to appeal a recent court decision to clarify the SEC's regulatory authority over digital assets.
The appeal focuses on whether digital assets can be considered investment contracts without formal agreements between issuers and investors.
The outcome could influence future regulatory approaches to digital assets in the U.S.
Legal experts suggest the appeal may face challenges, as similar attempts have been denied in the past.
The case could potentially escalate to the U.S. Supreme Court, setting a significant precedent for the crypto industry.