SEC asks court to deny Coinbase’s motion for interlocutory appeal

The Securities and Exchange Commission asked a court to deny Coinbase’s motion for an interlocutory appeal on Friday. 

The regulatory agency and the crypto exchange have been locked in a legal battle for nearly a year after the agency charged Coinbase with operating as an unregistered exchange and alleged that its Staking program was violating securities laws.

“Interlocutory review is not warranted simply because Coinbase proposes a new legal test and disagrees with the Court’s rejection of that test, nor can it be supported by Coinbase’s desire for quicker appellate review of its invented test,” the SEC said in the filing. 

The SEC further argued that there’s no…

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