According to news on January 19, Coinbase Chief Legal Officer Paul Grewal posted on The circuit court could provide some much-needed guidance on this basic legal issue. There are a lot of details in the filing, but simply put, trading on the Coinbase platform does not violate federal securities laws. As I have said repeatedly, Coinbase does not list securities. Last week, the District Court acknowledged that the questions raised raised 'clear and controlling questions of law' and 'substantial grounds for a difference of opinion'. After years of uncertainty, we finally have a chance to resolve this issue once and for all. This lingering problem has plagued our industry for years, limiting potential technological innovation and services that could create a fairer economic system for everyone. Clarifying the issues moves us forward so we can foster innovation and growth while focusing on protecting consumers. "