The legal conflict between Coinbase and the U.S. Securities and Exchange Commission (SEC) intensifies as Senator Cynthia Lummis joins the fray. She has filed an amicus brief supporting the crypto exchange, accusing the SEC of overstepping its authority.
Lummis argues that the SEC is overreaching by imposing unclear regulations on digital assets without proper legislative backing from Congress. This highlights ongoing tensions between the crypto industry and regulatory bodies over how digital currencies should be managed and regulated.
