Coinbase vs. SEC: Crypto Lawyer Files Amicus Brief

CoinMarketCap04-27

John Deaton, a crypto lawyer currently running for Senate to unseat Elizabeth Warren, has filed a brief supporting Coinbase in its legal battle against the United States Securities and Exchange ...

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An April 19 filing suggested that his motion to file an amicus brief was successful.\nDeaton emphasized the importance of representing end-users of technology, stating that they should not let a biased and politically motivated agency speak for them. He clarified that this doesn’t mean Coinbase should speak for them either.\n“Investment Contract”\nAccording to Coinbase’s Chief Legal Officer, Paul Grewal, the interlocutory appeal questions whether the term “investment contract” requires contractual obligations after a sale, a key issue in the SEC’s case against the crypto exchange.\nIt’s uncertain how Deaton’s legal actions might affect his Senate campaign, given that the election is less than six months away. The candidates for the Massachusetts Senate seat, Deaton and Warren, hold significantly different views on digital assets. Warren recently signed a letter urging authorities to crack down on the use of cryptocurrency in payments for child sexual abuse material.\nCoinbase and Crypto Sector\nNotably, Kathryn Haun, a long-serving board member at Coinbase, announced her departure from the company later this year. \nThis came at a time when the exchanges requested the United States District Court examine a key issue raised by the SEC in its lawsuit against the exchange.\nThe post Coinbase vs. SEC: Crypto Lawyer Files Amicus Brief appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430716521"}