How Coinbase, Binance, and Kraken boosted crypto lobbying amid $24m push on Capitol Hill https://t.co/eq6RboJFk4
JUST IN: @COINBASE CEO SAYS THEY DO NOT EXPECT TO PURSUE A BANKING LICENSE BECAUSE $BTC FUNDS HAVEN'T CANNIBALIZED THEIR BUSINESS
$COIN COINBASE DOESN'T EXPECT TO PURSUE A BANKING LICENSE: ARMSTRONG BITCOIN FUNDS HAVEN'T CANNIBALIZED OUR BUSINESS, ARMSTRONG SAYS
Coinbase has garnered significant support in its legal challenge against the SEC, with multiple entities including the Crypto Council for Innovation, Paradigm, LEJILEX, SatoshiActFund, TexasBlockchain, and the US Chamber of Commerce submitting amicus briefs. These briefs were filed in response to the SEC's refusal to provide clear regulations for the cryptocurrency industry, a stance Coinbase is contesting in the Third Circuit court. The collective action underscores the industry's push for regulatory clarity and highlights the broader debate over the SEC's approach to cryptocurrency regulation.
