Coinbase has been granted permission by a US federal judge to pursue a narrow appeal of the Securities and Exchange Commission's (SEC) accusations regarding its handling of trading crypto securities. If Coinbase is successful in convincing the US Court of Appeals for the Second Circuit that the SEC was wrong, it could have significant implications for the wider crypto industry. The appeal specifically revolves around whether certain tokens traded on Coinbase's platform should be considered securities. The judge granted the appeal due to conflicting rulings on similar questions from different federal courts. The outcome of this case, along with others, could eventually lead to a new law defining how crypto assets and their trading should be regulated in the US. The change in leadership at the SEC and the incoming Republican control may also affect the course of enforcement actions.



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