Coinbase has been granted a rare interlocutory appeal by Judge Katherine Polk Failla of the Southern District of New York in its legal battle with the U.S. Securities and Exchange Commission (SEC). The appeal will allow Coinbase to bring its case to the Second Circuit Court of Appeals and challenge the SEC's allegations, which include operating as an unregistered exchange and broker-dealer, as well as selling unregistered securities. Judge Failla determined that the appeal raises fundamental questions about digital asset transactions on Coinbase, and guidance from the Second Circuit could significantly advance the case's resolution. This decision has been seen as a significant legal win for Coinbase.



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