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<h2 id="header-0">Senator Cynthia Lummis is supporting Coinbase&#39;s proposal</h2><p>Crypto-friendly United States Senator Cynthia Lummis has filed an amicus brief in support of <a href="https://coingabbar.com/en/crypto-currency-news/coinbase-launches-base-revolutionizing-decentralized-apps" rel="noopener noreferrer nofollow">Coinbase</a>&#39;s proposal to dismiss the case by the U.S. Securities and Exchange Commission (SEC). Lummis argues that the SEC aims to gain more control over the crypto sector, sidelining legislative processes. She questions the SEC&#39;s perspective, suggesting it mostly attempts to create law through crypto securities enforcement. On August 11, crypto advocacy groups, including the Blockchain Association, expressed concerns about the SEC&#39;s regulatory approach in a statement. They highlighted Lummis and others advocating for Congress to define crypto regulations instead of unilateral agency actions.</p><p>Source - https://www.coingabbar.com/en/crypto-news-english</p>

US Senator Cynthia Lummis files amicus brief against SEC

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