Support for Coinbase in SEC Lawsuit

Support for Coinbase in SEC Lawsuit

US Senator Cynthia LoomisCryptocurrency lobbyists, including Coinbase, have called for the SEC lawsuit against Coinbase to be dismissed.

Recently a group of crypto lobbyists and a group of professors US Federal CourtWhat did he say. secondsOf coinbaseThe suit filed by the Court has been requested to be dismissed by the Court. among this team abd senator cynthia lummis also includes.

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a friend The organizations and lawmakers who submitted the brief claimed that the SEC had exercised its jurisdiction in the Coinbase case, resulting in negative consequences. The SEC has attracted attention in the past months by filing lawsuits against Coinbase and Binance.

Coinbase Opposes SEC’s Move

US Senator Cynthia Loomis, a group of cryptocurrency lobbyists and some professors called for a Coinbase lawsuit in the past. Cryptocurrency supporters demanded that the SEC’s lawsuit against Coinbase be thrown out by the court.

Presenting the details to the court, the group said that the SEC has violated its authority in litigation and pressure on crypto platforms such as Coinbase. Amicus Brief, Judge of the US District Court for the Southern District of New York katherine polk spreadwritten for.

In addition to briefings presented by Lummis, abstracts were also presented by crypto startups and academics. to the court coinbase between claimants in favor of blockchain Organization, crypto council For innovation, Chamber of Digital Commerce, DeFi Education Fund names like

Cynthia Loomis

In the amicus brief, the following details attracted attention; ,This is not a normal enforcement case. Through this case, the SEC seeks to exert primary influence on economic, political, and legal issues that are being actively considered by Congress and multiple agencies.,

Coinbase, on the other hand, filed a defense earlier this month that it did not violate securities laws.





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