Coinbase asks appeals court to rule crypto trades aren’t securities
Coinbase wants the Second Circuit Appeals Court to address whether crypto transactions are investment contracts, calling the matter of “immense importance to the crypto industry.”
Crypto exchange Coinbase asked a US appeals court to rule crypto trades are not securities in its continued fight against a Securities and Exchange Commission lawsuit.
In a Jan. 21 filing to the Second Circuit Court of Appeals, Coinbase said understanding if secondary market crypto transactions are investment contracts under securities laws is of “immense importance to the crypto industry.”
“This case presents an ideal vehicle to address that question and provide clear rules for this multi-trillion-dollar industry,” it said.
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Author: Stephen Katte
