Senator Cynthia Lummis has come out in support of Coinbase, accusing the SEC of regulatory overreach and unclear rules. Lummis argues that the SEC has been misapplying securities laws and imposing them on crypto firms without proper notice. She believes that Congress should be responsible for regulating digital assets, not the SEC. Lummis's intervention strengthens Coinbase's case in its legal battle with the SEC. Despite the ongoing legal battle, Coinbase continues to expand globally and has secured a VASP license in Argentina, allowing it to operate in the region.



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