{"id":138691,"date":"2024-10-06T15:00:28","date_gmt":"2024-10-06T12:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138691"},"modified":"2024-10-06T01:51:33","modified_gmt":"2024-10-05T22:51:33","slug":"coinbase-urges-court-to-reconsider-appeal-amid-ripple-case-developments","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/coinbase-urges-court-to-reconsider-appeal-amid-ripple-case-developments\/","title":{"rendered":"Coinbase Urges Court to Reconsider Appeal Amid Ripple Case Developments"},"content":{"rendered":"

The cryptocurrency exchange cites the SEC\u2019s recent appeal in the Ripple case as justification for the need for clarity from the judiciary.<\/p>\n

Coinbase contends that the ambiguity surrounding the application of the Howey Test to secondary market transactions necessitates intervention from a higher court. In a letter to the court, Coinbase pointed out that the SEC\u2019s Ripple appeal exemplifies the confusion surrounding the Howey Test, a legal standard established by a 1946 Supreme Court ruling to define securities.<\/p>\n

The exchange\u2019s legal team emphasizes that resolving this uncertainty is vital due to conflicting views among Congress members, Senators, and regulators. They stated that the division among these groups highlights the complexity of the issue, with varying judicial decisions reflecting this discord.<\/p>\n