Coinbase Secures Legal Victory as Court Approves Interlocutory Appeal in SEC Case

The post Coinbase Secures Legal Victory as Court Approves Interlocutory Appeal in SEC Case appeared first on Coinpedia Fintech News

In a latest development, Coinbase Global Inc has once again achieved a big win in its ongoing legal battle against the US SEC. Coinbase CLO Paul Grewal, in a latest X post shared that the court, led by Judge Catherine Polk Failla, has approved Coinbase’s request for an interlocutory appeal. This case involves charges from the U.S. SEC accusing Coinbase of enabling the trading of crypto asset securities.

Over the strenuous objection of @SECGov, Judge Failla has GRANTED our motion for leave to pursue an interlocutory appeal and STAYED the district court litigation. We appreciate the Court's careful consideration. On to the Second Circuit we go. pic.twitter.com/FuZ2jcYvfF

“Over the strenuous objection of @SECGov, Judge Failla has GRANTED our motion for leave to pursue an interlocutory appeal and STAYED the district court litigation.  We appreciate the Court’s careful consideration.” Grewal shared. “On to the Second Circuit we go.” he added. 

Eleanor Terrett, a Fox Business journalist, highlighted that this is a significant legal victory for Coinbase. She noted that Judge Failla has granted the company a rare interlocutory appeal, allowing Coinbase to request an appeal from the Second Circuit Court.