The Securities and Exchange Commission says Coinbase' move to appeal its case with the regulator should be denied.  

Last month, Coinbase filed an interlocutory appeal following a judge's decision to allow a lawsuit involving the SEC and the platform to proceed without being dismissed. In the appeal, Coinbase claimed differences of opinion around the Howey Test, a 1946 U.S. Supreme Court case frequently cited by the SEC, to determine if an asset qualifies as an investment contract and, therefore, a security. 

The SEC pushed back on Friday and said there was "no substantial ground for difference of opinion." 

"More broadly, it is clear that Coinbase does not like Howey and the current framework for securities regulation, having decided to arrange its …