Coinbase Chief Legal Officer Paulgrewal.eth said in a post on the X platform that U.S. Judge Failla granted Coinbase's motion for interlocutory appeal and suspended the district court's lawsuit. This is a major legal victory for Coinbase and means Coinbase will be able to appeal the SEC's charges against it to the Second Circuit Court.
The SEC previously alleged that Coinbase violated federal securities laws by operating as an unregistered exchange and broker-dealer, and by illegally selling unregistered securities through its pledge program.
Coinbase Wins Interlocutory Leave to Appeal SEC Securities Charges to Second Circuit
2025-01-07 19:57:24
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