CandleFocus Coinbase files amicus brief on behalf of Beba Collection and Fund Defi against SEC
2024-10-28
Author: Content Editor
Cryptocurrency exchange Coinbase has filed an amicus brief to support Beba Collection and Fund Defi in their attempt to prevent the SEC from enforcing its restrictive laws. Coinbase argues that the SEC's regulations hinder growth and innovation in the industry. The SEC's rules lack clarity regarding what activities are legal or illegal, causing confusion for both companies and the regulator itself. The SEC claims that existing rules are sufficient for digital assets but fails to provide clear guidance on their application.
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