Congressional Allies Aid Coinbase in SEC Overreach Battle

Coinbase leveraged current political movements in the US Congress to bolster its interlocutory appeal against the Securities and Exchange Commission (SEC). In a May 24 court filing, Coinbase argued that the SEC tried to “side-step” the Howey test, which is a legal framework used to determine assets that qualify as securities. Over the years, the crypto industry and the SEC have battled... source: https://beincrypto.com/coinbase-sec-howey-test/