Coinbase, one of the largest cryptocurrency exchanges in the US, is facing a legal battle over its status as an unregistered exchange. The Securities and Exchange Commission (SEC) has taken action against Coinbase, which is seen as a crucial moment for the future of the crypto industry. Critics argue that the SEC is enforcing regulations without clear laws from Congress. Now, three new amicus briefs have been filed, supporting the SEC’s position that digital assets can be regulated under existing laws. These briefs argue that cryptocurrencies are not unique or significant enough to warrant special treatment. This development adds another layer of complexity to Coinbase’s legal fight and raises questions about the regulatory framework for the crypto industry.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	0
People	None
Companies	Securities and Exchange Commission (SEC), Coinbase, U.S. Congress
Currencies	None Trading
Securities	None