Federal judges allow Coinbase to pursue a temporary appeal in the Second Circuit Court of Appeals in the lawsuit with the SEC, due to conflicting rulings on the legal status of cryptocurrencies.

- Judge Katherine Failla has approved Coinbase's appeal of the denial ruling from March 2024.

- Paul Grewal, Coinbase's Chief Legal Officer, called this a "major legal victory" in a post on January 7.

- The SEC alleges that Coinbase failed to register as a broker and violated securities laws with tokens like SOL, ADA, MATIC.

- This lawsuit highlights the controversies surrounding the application of the Howey Test to cryptocurrency assets. ⚖️