SEC Rebuts Coinbase’s (COIN) Attempt to Get Appeals Court to Answer Key Crypto Question

“Coinbase remains unable to advance a single, coherent version of this theory, which it now claims presents a controlling question,” the filing said. “This is unsurprising – in eighty years ‘no court’ has ever required post-sale ‘contractual undertakings’ or anything beyond the three factors expressly enumerated by the Supreme Court in Howey.”