SEC Answers Key Crypto Questions by Rebutting Coinbase’s (COIN) Appeals Court Attempt

“Coinbase is still unable to advance a single, consistent version of this theory, which it now asserts poses a dominant question,” the filing said. “This is not surprising. In 80 years, ‘no court’ has ever required a post-sale ‘contractual promise’ or anything beyond the three elements the Supreme Court explicitly enumerated in Howey.”