Amid its ongoing lawsuit against crypto exchange Coinbase, support for the SEC is gaining traction.
The US Securities and Exchange Commission (SEC) is gathering support from other securities regulators in its high-profile lawsuit against cryptocurrency exchange Coinbase. On Tuesday, two amicus briefs were filed supporting the agency’s argument that it should oversee the industry.
SEC Gains Tractions in its Action Against Coinbase
The SEC and Coinbase Fight is heating up as the crypto exchange faces another obstacle in its battle against the securities agency. US state authorities and legal experts have joined the SEC’s cause in arguing that Coinbase operated an unregistered exchange. The SEC primarily contends that the exchange acted as an unregistered securities exchange, broker, and clearing house and offered unregistered securities. The SEC’s primary position centres on Coinbase’s staking program and several digital assets traded on its platform, which the agency contend
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