Coinbase's attorneys have requested a reconsideration of an interlocutory appeal in light of the SEC's recent notice of appeal in the Ripple lawsuit. They argue that the SEC's appeal indicates ambiguity in the Howey Test criteria, necessitating a closer examination. The legal team emphasizes the industry-wide significance of the Howey test application, urging a thorough legal review in the ongoing SEC vs. Coinbase lawsuit. The court's delay in ruling on the interlocutory appeal filed in April was deemed unusual. Leveraging the SEC's appeal in the Ripple case, Coinbase seeks approval for the appeal. Additionally, the SEC's refusal to provide clear rules for digital assets and Coinbase's request for CFTC communications highlight the complexity of the legal battle. The legal battle between Coinbase and the SEC continues to escalate, with both sides employing strategic legal maneuvers. Read more AI-generated news on: https://app.chaingpt.org/news