According to Golden Finance, Fox Business reporter Eleanor Terrett disclosed that the SEC will respond to Coinbase’s appeal request on February 14. Previously, Judge Failla had approved Coinbase to file an intermediate appeal on whether its platform's digital assets are subject to the existing securities laws. The SEC currently faces four choices: First, oppose the appeal request, continue the position of the Gensler period, and advocate that the securities law clearly applies to most crypto tokens, although current acting chairman Uyeda and member Peirce both said that the law in this field is not clear; second, Not objecting to the appeal shows that he is willing to resolve the application of the Securities Law through the Crypto Working Group; third, apply for an extension; fourth, choose to withdraw the lawsuit. The SEC's decision will be an important indicator to judge its stance on crypto-regulation under the new leadership.