The post Coinbase Vs. SEC: SEC’s Lawsuit Against Coinbase Gains Support from Securities Regulators appeared first on Coinpedia Fintech News
In a lawsuit involving the U.S. SEC and Coinbase, an association made up of securities regulators claimed that a New York district court shouldn’t treat digital assets “as somehow special.”
In an amicus brief submitted on Tuesday, the North American Securities Administrators Association argued in favor of the Securities and Exchange Commission’s legal action against Coinbase. The SEC accused the cryptocurrency exchange of operating as an unlicensed exchange, broker, and clearing agency in June.
The State securities regulators argued that it would be fair if the respected Court would reject Coinbase’s attempt to interpret the law narrowly and improperly to avoid having to comply with the exact regulatory requirements as other participants in the nation’s securities markets. Additionally, the prosecution argues that the Court should
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