{"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":"<p>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<p>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<p>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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ftx-eurozone-creditors-set-for-repayments-but-will-they-match-market-values\/\" title=\"FTX Eurozone Creditors Set for Repayments \u2013 But Will They Match Market Values?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx-big-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">FTX Eurozone Creditors Set for Repayments \u2013 But Will They Match Market Values?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Coinbase initially filed a preliminary appeal in April, seeking clarification from the Second Circuit Court of Appeals on how the Howey Test applies to digital assets. Appeals are generally not accepted before a case reaches a conclusive ruling. However, legal expert MetaLawMan has noted that the SEC\u2019s recent appeal in the Ripple case could bolster Coinbase\u2019s case for consideration.<\/p>\n<p>In response to Coinbase\u2019s appeal, the SEC submitted a letter in May urging Judge Failla to dismiss the request, asserting there was no significant basis for disagreement. However, a ruling from the judge is still pending. As the SEC\u2019s Ripple appeal progresses, Coinbase is renewing its push for a review of its own situation.<\/p>\n<p>The exchange believes that having both lawsuits addressed simultaneously by the Second Circuit Court would provide a more thorough understanding of the legal and practical implications of the SEC\u2019s approach to regulating digital assets.<\/p>\n<p><em><strong><a href=\"https:\/\/www.theblock.co\/post\/319670\/coinbase-seeks-early-appeal-in-sec-case-after-agency-appeals-ripple-ruling\" target=\"_blank\" rel=\"nofollow\">Source<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent updates reveal that Coinbase is urging Judge Katherine Polk Failla to rethink its request for an interim appeal.<\/p>\n","protected":false},"author":3,"featured_media":22030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-138691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Urges Court to Reconsider Appeal Amid Ripple Case Developments<\/title>\n<meta name=\"description\" content=\"Recent updates reveal that Coinbase is urging Judge Katherine Polk Failla to rethink its request for an interim appeal.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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