Coinbase vs. SEC: Legal Battle Escalates Amid Howey Test Dispute
SEC Says Coinbase Does Not Like Howey Test
SEC argues that Coinbase simply dislikes the longstanding legal standards about securities laws. Coinbase contends the SEC's application of Howey test has confused the definition of securities.
Coinbase's Legal Challenge
Coinbase pushes for an Interlocutory review, leaning on Judge Torres's ruling in the Ripple case that deemed XRP token non-securities. The SEC refutes Coinbase's motion, emphasizing no court has followed Judge Torres's decision.
Despite the disagreement, the legal battle reflects growing tensions over the regulatory treatment of digital assets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.