Coinbase applies for an early appeal in response to the SEC's new developments

ChainCatcher news, Coinbase has requested the judge's approval to file an interlocutory appeal in its lawsuit against the SEC, due to the SEC's recent appeal of the ruling in the Ripple case. Coinbase hopes that by filing the appeal simultaneously, the Second Circuit Court will have a comprehensive understanding of the case. The exchange aims to review the applicability of the "Howey Test" in digital assets, which is the traditional standard for determining securities. Although the SEC has requested to dismiss Coinbase's appeal, the judge has not yet ruled on this matter.

Industry experts indicate that the SEC's appeal in the Ripple case strengthens Coinbase's argument, suggesting that this is a prudent move.