Senator Lummis Supports Coinbase in SEC Legal Battle
- Wyoming Senator Cynthia Lummis filed an amicus brief supporting Coinbase against the SEC’s lawsuit.
- The SEC accused Coinbase of operating as an unregistered exchange, broker, and clearing agency.
- Lummis criticized the SEC for overstepping its mandate under former Chair Gary Gensler.
- The case is now with the U.S. Court of Appeals for the Second Circuit.
- Lummis argues that Congress should define cryptocurrency regulations, not the SEC.
Senator Cynthia Lummis has filed a brief supporting Coinbase’s appeal against the SEC, arguing that Congress, not the SEC, should regulate cryptocurrencies. The case is currently with the U.S. Court of Appeals for the Second Circuit.
Source (2.6)https://coingape.com/senator-cynthia-lummis-accuses-us-sec-of-overreach-in-coinbase-case/?rand=24432
