Bitcoin

<ul><li>Coinbase executive expresses gratitude for support by the community.</li><li>Coinbase garners broad support in SEC legal clash; Senator Lummis weighs in.</li><li>Coinbase and Crossmint partnership is poised to reshape the NFT landscape.</li></ul>Coinbase&#39;s Chief Legal Officer, Paul Grewal, <a href="https://twitter.com/iampaulgrewal/status/1690167838324232192?s&#61;20" rel="noopener noreferrer nofollow">expressed</a> gratitude to the numerous firms that rallied behind their case against the SEC. This support has been echoed by the company&#39;s CEO, Brian Armstrong, who took to Twitter to acknowledge the significant backing received.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2b2b9ccd31384e38bef1bf40983793b7.png" />The crypto-friendly United States Senator Cynthia Lummis <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.53.0.pdf" rel="noopener noreferrer nofollow">has also thrown her weight</a> behind Coinbase&#39;s motion to dismiss the SEC&#39;s lawsuit. Her involvement injects a political angle into the debate, emphasizing the broader implications of the regulatory battle.Senator Lummis&#39; amicus brief underscores the pivotal nature of this legal confrontation, asserting that the SEC&#39;s attempt to establish dominance over the crypto sector could disrupt the ongoing deliberations within Congress and other regulatory agencies. By intervening in an industry still under active consideration for regulation, the SEC is stretching its authority beyond its intended bounds. Lummis suggests that the Constitution designates legislative power to Congress, not the SEC, in matters of such significant economic and political impact.Furthermore, Lummis argued against the SEC&#39;s broad categorization of crypto assets as securities. Her amicus brief questions the agency&#39;s modus operandi of regulation-by-enforcement, referring to it as an attempt to &#34;legislate by enforcement&#34;. This perspective counterbalances the SEC&#39;s approach, highlighting the need for well-defined regulations that align with legislative intent. The filing stated:Read full article at <a href="https://cryptotale.org/coinbases-legal-battle-gets-senators-backing-amid-nft-collaboration/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Coinbase's Legal Battle Gets Senator's Backing Amid NFT Collaboration

CryptoTale

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