Coinbase Pushes to Appeal SEC Case, Citing FIT21 Vote
📰 Coinbase is making another attempt to appeal a judge's decision in its case against the SEC, citing recent congressional developments.
🇺🇸 The U.S. House of Representatives passed the Financial Innovation and #Technology for the 21st Century Act (#FIT21 ) with a 279-136 vote, showing bipartisan support. This bill limits the SEC's authority over crypto, favoring the Commodity Futures Trading Commission instead.
✔️ Coinbase argues this legislative move highlights a disagreement over the SEC's jurisdiction. They aim to challenge whether the SEC can regulate digital asset #transactions as "investment contracts" without formal contracts. The SEC opposes this appeal.
