SEC Requests Interlocutory Appeal In Crypto Case, Citing Recent Crypto Decision

(August 30, 2023, 7:19 AM EDT) -- NEW YORK — The Securities and Exchange Commission filed a motion to certify for interlocutory appeal in its case against a crypto asset firm it accuses of selling billions of units of its cryptocurrency without registering it as a security, arguing that the recent ruling in its case from a federal judge in New York that the crypto assets do not satisfy a long-standing test for securities “explicitly” contradicts another ruling on a similar matter in the same district....