Federal Judge Katherine Faila has stayed the SEC's case against Coinbase pending a decision by the Second Circuit Court of Appeals. The court granted the crypto exchange's request for an interlocutory appeal, citing different interpretations by courts of what constitutes an "investment contract" under the U.S. Securities and Exchange Commission's (SEC) jurisdiction.

The SEC's key argument was that certain cryptocurrency transactions are investment contracts and are subject to regulation by the SEC. Judge Faila noted the "opportunity for review" of her interpretation of the Howey test, which is the basis for granting the appeal. $LINK $ATA $OM

The decision also mentions contradictions with the Terraform Labs and Ripple Labs cases, where courts have assessed the status of crypto assets differently, including recognizing XRP as a non-security in the context of programmatic sales on exchanges.#CryptoMarketDip #MicroStrategyAcquiresBTC #USJobOpeningsSurge #BinanceAlphaAlert