Coinbase Pushes to Appeal SEC Case, Citing FIT21 Vote

📰 Coinbase is making another attempt to appeal a judge's decision in its case against the SEC, citing recent congressional developments.

🇺🇸 The U.S. House of Representatives passed the Financial Innovation and #Technology for the 21st Century Act (#FIT21 ) with a 279-136 vote, showing bipartisan support. This bill limits the SEC's authority over crypto, favoring the Commodity Futures Trading Commission instead.

✔️ Coinbase argues this legislative move highlights a disagreement over the SEC's jurisdiction. They aim to challenge whether the SEC can regulate digital asset #transactions as "investment contracts" without formal contracts. The SEC opposes this appeal.

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