Coinbase has petitioned the U.S. Second Circuit Court of Appeals to have secondary crypto transactions deemed not securities.  In a Jan. 21 filing, the crypto exchange emphasized that understanding if secondary market crypto transactions are investment contracts under securities laws is of “immense importance to the crypto industry.

Cryptocurrency exchange Coinbase Global is making an Inauguration weekend pitch, including recent meetings with the transition team to discuss executive orders related to cryptocurrency, according to people familiar with the matter.

President-elect Trump has launched his own crypto token called Trump coin. In less than 24 hours, the coin has had a 12,000% gain and has seen billions in trading volume.