Legal Showdown: Coinbase challenges SEC in Manhattan court. Judge's Scrutiny: Judge Failla questions crypto token classification. Industry Ramifications: Ruling to shape SEC's authority in digital asset oversight. SEC Lawsuit Background: Allegations of unregistered token trading, including Solana, Cardano, and Polygon. Differing Stands: Coinbase asserts crypto assets differ from traditional investments. Major Questions Doctrine: Coinbase defends using the legal principle. Staking Program Under Lens: SEC questions Coinbase's unregistered "staking" program. Future Impact: 'Outcome to influence cryptocurrency regulatory framework.