Coinbase scored a minor win against the SEC as a federal judge allowed an interlocutory appeal in their ongoing case. The appeal challenges a previous order denying Coinbase's motion for judgment, with proceedings paused until the Second Circuit weighs in. The SEC claims certain crypto transactions are securities, but Judge Failla acknowledged potential reversal based on the Howey test. Conflicting rulings in similar cases, like Ripple's, highlight the need for clarity. Coinbase's legal chief welcomed the decision, while the exchange continues to push for transparency in regulatory actions.