[Coinbase Chief Legal Officer: A Temporary Appeal Has Been Filed Against The U.S. SEC. In The U.S. Second Circuit Court] Paul Grewal, Chief Legal Officer Of Coinbase, Said In A Post On X: "We Have Requested The Second Circuit Court To Accept Our Temporary Appeal. Decades Of Appeal Precedents Have Confirmed That An 'investment Contract' Requires Content Of A Contractual Nature. The Circuit Court Can Provide Some Much-needed Guidance On This Basic Legal Issue. There Are A Lot Of Details In The Document, But Simply Put, Transactions On The Coinbase Platform Will Not Violate Federal Securities Laws. As I Have Said Repeatedly, Coinbase Does Not List Securities. Last Week, The District Court Acknowledged That The Questions We Raised Raised 'clear And Controlling Legal Issues' And 'substantive Reasons For Disagreement'. After Years Of Uncertainty, We Finally Have The Opportunity To Resolve This Issue Once And For All. This Lingering Problem Has Plagued Our Industry For Years, Limiting Potential Technological Innovations And Services That Could Have Created A Fairer Economic System For Everyone. Clarifying The Problem Can Move US Forward So That We Can Promote Innovation And Growth While Focusing On Protecting Consumers."