Coinbase is taking significant legal action in its ongoing battle with the U.S. Securities and Exchange Commission (SEC). The cryptocurrency exchange has filed a motion for interlocutory appeal with the Second Circuit Court of Appeals, seeking a determination on whether cryptocurrency trades on its platform should be classified as securities transactions under federal law. Coinbase argues that these trades are asset sales rather than investments, which would exempt them from SEC regulations. This appeal follows a district court ruling that could potentially redefine many activities involving securities in the crypto space. Additionally, Coinbase has announced plans to delist Tether's USDT stablecoin from its U.S. trading platform if new legislation necessitates compliance. In a separate legal matter, Coinbase is also contesting a lawsuit from Bit Global regarding the delisting of wrapped Bitcoin (wBTC), citing risks associated with Justin Sun's influence on the platform as a reason for the delisting. Coinbase is pushing for clarity in crypto regulations, asserting that the outcome of these legal challenges could reshape the industry's future.