Coinbase Appeals SEC Crypto Oversight, Calling it Innovation-Stifling Overreach

Coinbase filed an appeal against the SEC's broad view that crypto transactions are "investment contracts" subject to SEC oversight
Coinbase argues the SEC is overreaching and could stifle innovation in the crypto space
The legal tussle started last year when the SEC alleged Coinbase operates an unregistered securities exchange
Coinbase disputes that crypto transactions are securities under SEC jurisdiction, except for Bitcoin
Analysts have a moderate buy rating on Coinbase stock, which has surged over 200% in the past year but may be 15.8% overvalued