US Court Cits SEC's Request for Interlocutory Appeal Against Coinbase

A U.S. court has granted interlocutory appeal by cryptocurrency exchange Coinbase against the U.S. Securities and Exchange Commission (SEC).
The U.S. court ruled on Coinbase's preliminary injunction filed to support its interlocutory appeal against the SEC.
"The SEC has found that Coinbase sold unregistered securities through its staking (cryptocurrency deposit) service," the judge said in a statement.
"We are accepting the request for an interlocutory appeal to challenge the claims of the SEC," Coinbase Chief Legal Officer Paul Grewal said through X, "We appreciate the court's careful decision.
The SEC filed a lawsuit against Coinbase in June 2023, alleging that Coinbase sold unregistered securities. Coinbase responded by announcing the SEC's
"There is a lack of evidence for the allegations," they said, asking the court to consider an interlocutory appeal.