According to Foresight News, Paul Grewal, Chief Legal Officer of Coinbase, said that Coinbase has submitted a motion to Judge Katherine Polk Failla seeking an appeal review of the case filed by the SEC. The motion cited Judge Jackson's recent ruling in the SEC v. Binance case, which rejected the SEC's claim that BNB secondary market transactions on Binance were investment contracts, while the SEC filed similar charges against Coinbase for unregistered securities sales.

Paul Grewal said the result of the SEC's focus on litigation is that crypto market participants face different rules in different courts.