{"id":620710,"date":"2025-01-23T15:05:59","date_gmt":"2025-01-23T15:05:59","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=620710"},"modified":"2025-01-23T15:05:59","modified_gmt":"2025-01-23T15:05:59","slug":"coinbase-urges-appeals-court-to-rule-that-crypto-transactions-arent-investment-contracts","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/coinbase-urges-appeals-court-to-rule-that-crypto-transactions-arent-investment-contracts","title":{"rendered":"Coinbase Urges Appeals Court To Rule That Crypto Transactions Aren’t Investment Contracts"},"content":{"rendered":"
Coinbase asked a US appeals court to rule on whether crypto transactions are investment contracts, arguing that the issue is of ”immense importance to the crypto industry.”<\/p>\n
The case comes hard on the heels of the departure from the Securities and Exchange Commission of former Chair Gary Gensler, who had waged war against the crypto industry, bringing multiple cases that crypto transactions are investment contracts.<\/p>\n
“This case presents an ideal vehicle to address that question and provide clear rules for this multi-trillion-dollar industry,” said lawyers for Coinbase, the biggest crypto exchange in the US. ”Without it, market participants face different rules before different courts, and neither the Commission nor Congress can be certain who is responsible for the regulation of digital-asset trading.”<\/p>\n
Now that Donald Trump has retaken the White House and Gensler is to be replaced by the pro-crypto Paul Atkins, it’s also considered likely that the SEC will be more inclined to reconsider its position.<\/p>\n
\nCOINBASE IS TAKING ON SEC OVER SECURITIES' RULING<\/p>\n
Coinbase is taking the SEC showdown to the next level, asking a U.S. appeals court to declare crypto trades aren’t securities. <\/p>\n
They’re pushing to lock in clarity for the future of the digital asset game.<\/p>\n
Their argument?… pic.twitter.com\/mYDnSZz5Fj<\/a><\/p>\n
— Mario Nawfal’s Roundtable (@RoundtableSpace) January 23, 2025<\/a><\/p><\/blockquote>\n