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Judge sends Howey question to higher court in Coinbase case 

Coinbase, the cryptocurrency exchange, has won an interlocutory appeal in a lawsuit filed by the SEC in 2023, regarding whether crypto assets are considered investment contracts. The ruling requires the Second Circuit to consider this question, which is seen as a significant legal issue in the context of the digital ecosystem. The judge has ordered a stay in proceedings until the appeal is resolved, which could take several months. A ruling from the Second Circuit would carry more weight than previous district-level orders and could have implications for the broader industry.

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