Coinbase files interlocutory appeal against SEC lawsuit

According to a person familiar with the matter, Coinbase has filed an interlocutory appeal against the U.S. Securities and Exchange Commission's lawsuit. In its motion, Coinbase will appeal whether the U.S. Securities and Exchange Commission has the authority to treat digital asset transactions as investment contracts. Interlocutory appeals refer to appeals that occur before the trial court makes a final ruling on the entire case. They are usually not on matters that are decisive for the resolution of the case dispute, but on matters that are necessary to determine the truth of the case. (Coindesk)