Coinbase, the cryptocurrency exchange, is seeking court approval for an interlocutory appeal in its legal battle with the SEC. Coinbase wants the Appellate Court to review the application of the "Howey Test," a standard for determining securities classification. The SEC has urged the court to deny the appeal, arguing that Coinbase lacks valid grounds. Coinbase has renewed its appeal following the SEC's move to contest the Ripple decision, stating that the ruling contradicts Supreme Court precedents and securities regulations. Coinbase believes that an interlocutory appeal would ensure the Second Circuit fully understands the SEC's litigation approach. Legal experts believe that the SEC's appeal in the Ripple case could strengthen Coinbase's argument.



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