Odaily Planet Daily News: Paul Grewal, Chief Legal Officer of Coinbase, stated in an article on X that "we have requested the Second Circuit Court to accept our temporary appeal. Decades of precedent in appeals confirm that 'investment contracts' require contractual content. Circuit courts can provide some much-needed guidance on this fundamental legal issue.
There are many details in the document, but in simple terms, trading on the Coinbase platform does not violate federal securities laws. As I have repeatedly stated, Coinbase does not list securities.
Last week, the local court acknowledged that the issues we raised raised raised 'clear and controlling legal issues' and' substantive reasons for differences of opinion '. After years of uncertainty, we finally have the opportunity to solve this problem once and for all.
This persistent issue has plagued our industry for many years, limiting potential technological innovation and services that could have created a more equitable economic system for everyone. Clarifying issues can drive us forward, so that we can promote innovation and growth while focusing on protecting consumers
Previously, the US Third Circuit Court approved Coinbase's injunction, ordering the SEC to review the petition for cryptocurrency rule making.
