Fox Business reporter: SEC is about to respond to Coinbase's lawsuit appeal request, which may affect the direction of cryptocurrency regulation

Fox Business reporter Eleanor Terrett tweeted that the US Securities and Exchange Commission (SEC) needs to respond to Coinbase's request for an intermediary appeal by February 14th to determine whether current securities laws apply to cryptocurrency trading on the Coinbase platform. Judge Failed has approved Coinbase's appeal request, putting its lawsuit in a "suspended" state. SEC Acting Chairman Mark Uyeda needs to decide how to respond and may adopt the following four strategies: 1. Oppose the appeal request and continue to adhere to the position of former SEC Chairman Gary Gensler, which states that "securities laws clearly apply to most cryptocurrencies"; 2. Not opposing the appeal request, indicating that the SEC hopes to resolve the application of securities regulations for encrypted assets as soon as possible; 3. Apply for extension and postpone response; 4. Withdraw the lawsuit and terminate the case directly. The SEC's decision may reveal its new attitude towards cryptocurrency regulation, especially as the crypto task force led by Hester Peirce is re examining the applicability of securities laws.