Coinbase has filed an amicus brief in the Prime Trust bankruptcy case, advocating for the principle that assets held by Article 8 custodians belong to customers rather than custodians. This assertion is supported by Coinbase's user agreement, which aligns with Prime Trust’s user agreement. Simultaneously, the Blockchain Association has also filed an amicus brief in support of Cumberland's motion to dismiss an enforcement action by the SEC, arguing that the SEC's interpretation unlawfully expands the definition of a 'dealer' under securities laws. These legal actions reflect ongoing discussions regarding customer asset rights and regulatory definitions in the cryptocurrency industry.