U.S. Senator Cynthia LummisCryptocurrency lobbyists, including Coinbase, have called for the SEC’s lawsuit against Coinbase to be dismissed.
A group of crypto lobbyists and a group of professors recently US Federal Courtwhat he called. SECof coinbase The lawsuit filed by the court is requested to be rejected by the court. Among this team USAsenator Cynthia lummisis also included.
amicus Organizations and lawmakers presenting the briefs claimed that the SEC had exercised its jurisdiction in the Coinbase case, which had negative consequences as a result. The SEC has attracted attention by filing a lawsuit against Coinbase and Binance in the past months.
Opposed to SEC’s Coinbase move
US Senator Cynthia Lummis , a group of cryptocurrency lobbyists, and some professors called for the Coinbase lawsuit the other day. Cryptocurrency supporters demanded that the SEC’s lawsuit against Coinbase be dismissed by the court.
Submitting the briefs to the court, the group stated that the SEC had overstepped its authority in litigation and pressure on crypto platforms such as Coinbase. Amicus briefs, U.S. District Court Judge for the Southern District of New York Katherine Polk FaillaWritten for .
Apart from the briefings presented by Lummis, abstracts were also presented by crypto startups and academics. to the court coinbaseamong those who claim in favor of Blockchain Association, Crypto Council for Innovation, Chamber of Digital Commerce, DeFi Education Fundnames such as
In the Amicus summaries, the following detail drew attention; “ This is no ordinary enforcement case. Through this case, the SEC seeks to have primary influence over economic, political, and legal issues that are being actively considered by Congress and numerous agencies.“
Coinbase, on the other hand, filed a defense earlier this month that it had not violated securities laws.
