SEC Requests Court to Deny Coinbase's Interlocutory Appeal on Crypto Regulations

May 10, 2024, 10:15 PM

The U.S. Securities and Exchange Commission (SEC) has formally requested a court to deny Coinbase's motion for an interlocutory appeal on Friday. The appeal, which Coinbase filed in response to ongoing disputes over the application of securities laws to cryptocurrencies, was opposed by the SEC on the grounds that Coinbase's disagreements do not constitute substantial grounds for an appeal. The SEC's stance was reiterated across various news platforms, highlighting the ongoing legal battle between the regulatory body and the cryptocurrency exchange.