"Cryptocurrency exchange Coinbase asks the U.S. District Court to consider the "control" question posed by the SEC in the ongoing case. 🏛️ The question revolves around whether the investment contract requires a "control" something contractual"? Coinbase and SEC have opposing views.#Coinbase#SEC #CryptoNews

The court denied the SEC's motion to dismiss the Coinbase lawsuit, but if the court decides to grant the appeal, it could have a major impact on the ongoing litigation. 🔄

Coinbase explained that the SEC asserted that Coinbase's cryptocurrency transactions were investment contracts "despite the absence of any alleged contractual commitments." 🤔

This is an important issue for the broader cryptocurrency industry, which aims to resolve disputes over cryptocurrency transactions as soon as possible. Let's discuss this in the comments! 👇 #CryptoDebate"