Crypto exchange Coinbase argued that a question of law is controlling if its resolution could “significantly affect the conduct of the action.”
Cryptocurrency exchange Coinbase has requested the United States District Court to scrutinize a specific “controlling question” raised by the U.S. Securities and Exchange Commission (SEC) in its ongoing lawsuit against the exchange.
“The question presented here is unencumbered by factual disputes and therefore ripe for immediate review,” Coinbase argued in an April 12 filing with the U.S. District Court for the Southern District of New York.
Coinbase chief legal officer Paul Grewal explained in an April 12 post on X that the "controlling question revolves around whether an investment contract requires "something contractual."
