Just In: Coinbase Files Amicus Brief To Back DeFi Education Fund Against US SEC

American crypto trading platform Coinbase Global Inc is not backing down in calling out the US Securities and Exchange Commission (SEC) over its regulation by enforcement strategies. In its latest move in this regard, the firm has filed an Amicus Brief on behalf of DeFi Education Fund and Beba.

The Coinbase Amicus Brief – The Keypoints

As spotlighted by Coinbase CLO Paul Grewal, the US SEC is waging war against legitimate American companies. The legal veteran claims the markets regulator cannot make up its mind about the claim of the law.

With this Amicus Brief, the exchange is directly countering the claims of the regulator that either Beba or DeFi Education Fund violated Federal Securities laws. The SEC and exchange’s lawsuit is still in Court, underscoring its commitment to back other Web3 firms fighting similar regulatory strain.

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