đ SEC Opposes Coinbase's Motion to Appeal Mid-Trial! They believe that trying to manipulate the question defeats the purpose of the appeal. The SEC emphasizes that Coinbase disagrees with the current interpretation of securities laws and the Howey test that determines what constitutes a security.
đïž In response to Coinbase's April 12 appeal, which questioned the existence of an investment contract with no post-sale obligations, the SEC states that the exchange's arguments are inconsistent and do not clearly define "contractual obligations."
âïž The case is being heard by the U.S. District Court for the Southern District of New York.
Read more about this legal battle on [CoinTelegraph](https://cointelegraph.com/news/united-states-sec-crypto-exchange-coinbase-interlocutory-appeal).
#SEC#Coinbase#cryptocurrencies#law
