Coinbase initiates appeal against SEC on investment contract classification for digital assets

Coinbase has filed a motion to appeal a judge's decision from last month that allowed the SEC's lawsuit against them to proceed, said Paul Grewal, Coinbase's chief legal officer, in an X post today. The appeal, if granted, would allow the Second Circuit Court to review the SEC's authority to classify certain digital asset transactions as investment contracts, potentially suspending the ongoing... source: https://cryptobriefing.com/coinbase-sec-interlocutory-appeal/