A Flurry of Amicus Briefs in Coinbase vs. SEC
The Breakdown
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Coinbase's Odds to Win Against the SEC
Lummus: Congress has not conferred on the SEC wholesale regulatory power over this industry. The multitude of interests at stake require a holistic approach beyond the scope of a single agency, she says. Algorithmic trading firm CEO CZEN writes, I'm not a lawyer, but if you read these amicus briefs, specifically the ones from securities law professors, you got to feel very confident about Coinbase's odds to win versus the SEC.
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