Coinbase Leveraging Congressional Support in its Battle Against SEC Overreach
Saturday, 25 May 2024, 10:21
Coinbase Accuses SEC of Ignoring Howey Test
In a recent court filing, Coinbase argued against the SEC's interpretation of the Howey test, emphasizing the need for consistency in applying legal standards to digital assets.
Political Backing Strengthens Coinbase's Position
Coinbase noted the support from congressional allies, highlighted by the passing of the FIT21 Act, which challenges the SEC's jurisdiction over crypto markets.
Throughout the legal battle, Coinbase has advocated for regulatory clarity and industry collaboration, emphasizing the significance of the unresolved legal issues for the crypto sector.
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