The post Crypto Council Backs Coinbase By Filing Amicus Brief Against SEC Over Regulatory Clarity appeared first on Coinpedia Fintech News
The Crypto Council for Innovation (CCI) has thrown its support behind Coinbase by filing an amicus brief against the Securities and Exchange Commission (SEC) on the 18th of March 2024. This move comes after the SEC’s denial of Coinbase’s rulemaking petition in December 2023, with Coinbase alleging arbitrary action on the part of the SEC.
1/ The @crypto_council just submitted an amicus brief in support of @coinbase challenging the SEC’s denial of its rulemaking petition.
TL;DR: The SEC’s pursuit of its flawed interpretation of securities laws through regulation by enforcement while refusing to engage in…
— Ji Kim (@_jikim) March 18, 2024
Coinbase Vs SEC Lawsuits
The legal dispute between Coinbase and the SEC traces back to July 2022 when Coinbase urged the SEC to engage in rulemaking to guide the digital assets industry. H
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