Golden Finance reported that Coinbase Chief Legal Officer paulgrewal.eth posted on the X platform that U.S. Judge Failla approved Coinbase’s interlocutory appeal motion and suspended the district court proceedings. This is a major legal victory for Coinbase and means that Coinbase will be able to appeal the SEC’s charges against it to the Second Circuit. The SEC previously alleged that Coinbase violated federal securities laws by operating as an unregistered exchange and broker-dealer and illegally selling unregistered securities through its staking program.