The Blockchain Affiliation filed an amicus transient Feb. 13 in the US Securities and Trade Fee (SEC) case towards former Coinbase (NASDAQ:) International product supervisor Ishan Wahi and his associates. The advocacy group expressed its help for the defendants’ argument for dismissal, the place they claimed the SEC had exceeded its authority within the case. The case alleging unregistered securities gross sales of 9 tokens is being heard within the U.S. District Courtroom of Western Washington.
Calling the case “the newest salvo within the SEC’s obvious ongoing technique of regulation by enforcement within the digital belongings house,” the amicus curiae, or “pal of the court docket,” transient famous that the SEC declared 9 tokens to be securities, with no prior findings. The transient acknowledged:
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