Republican Senator Cynthia Lummis has voiced her support for Coinbase by filing an amicus brief. This legal document backs the cryptocurrency exchange in its ongoing court battle against the U.S. Securities and Exchange Commission (SEC).
The matter has been brought before the U.S. Court of Appeals for the Second Circuit as Coinbase contests the SEC's enforcement actions. Senator Lummis believes the SEC has overstepped its regulatory boundaries.
The legal proceedings will further delve into the regulatory framework and its implications for the cryptocurrency sector in the United States.
