Coinbase gains legal support as scholars file amicus brief

A group of 6 legal scholars specializing in securities law and associated domains have actually sent an amicus short in favor of crypto exchange Coinbase in its legal battle against the U.S. Securities and Exchange Commission (SEC). Its normal purpose is to supply extra arguments in favor of one side of the claim while underscoring the wider ramifications that the case might carry beyond the instant litigants.The group of legal scholars presented their amicus short to the U.S. District Court located in the Southern District of New York.”Meanwhile, the group of legal scholars clarified that their associations with universities or law schools in no method bear any significance to their involvement with the amicus brief.Magazine: Crypto guideline: Does SEC Chair Gary Gensler have the last say?