❗️ Coinbase has once again filed an appeal in the case against the SEC.

🏢 Cryptocurrency exchange Coinbase has filed a second motion to contest the judge's decision in the case against the U.S. Securities and Exchange Commission (SEC), citing recent events when the House of Representatives passed the FIT21 bill.

🗣 "The U.S. House of Representatives passed bipartisan comprehensive digital asset legislation that would strip the SEC of the expanded jurisdiction it claims," said Coinbase.

🔍 The main issue Coinbase wants to challenge is whether the SEC can regulate transactions involving digital assets as "investment contracts" that do not entail any contractual obligations.

💼 In response, the SEC stated that Coinbase's appeal should be dismissed.

#SEC #Coinbase #FIT21 #CryptocurrencyRegulation #LegalBattle

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