The Dismissal of Coinbase vs US SEC Lawsuit Supported by Crypto Community
The crypto community, digital asset associations, and legislators have expressed their support for the dismissal of the Coinbase vs US SEC lawsuit. In the latest development in the lawsuit, a new lawyer has entered the case. Patrick V. Kennedy seeks approval from the court to appear as a counsel for amicus The Chamber of Digital Commerce.
Key Points:
- Lawyer Patrick V. Kennedy has filed a motion to appear as counsel for amicus The Chamber of Digital Commerce in the Coinbase vs US SEC lawsuit.
- The Chamber of Digital Commerce aims to end the SEC’s attempt to regulate the digital asset industry through enforcement actions.
- Coinbase executives Brian Armstrong and Paul Grewal are confident about the dismissal of the lawsuit.
- Ripple and Grayscale rulings have highlighted the SEC’s lack of understanding and clear regulations regarding cryptocurrencies.
- The SEC has lost credibility due to illogical assertions and delayed decisions on Bitcoin ETFs.
The SEC’s actions have been questioned by the crypto community, with Ripple and Grayscale rulings exposing the agency’s lack of understanding and inconsistent approach to regulating cryptocurrencies. The Chamber of Digital Commerce and Coinbase executives are confident that the lawsuit will be dismissed, as legislators and the crypto community rally behind them. The SEC’s credibility is at stake as it continues to delay decisions and make questionable assertions in the crypto industry.
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