Pro-crypto lawyer to support Coinbase’s appeal against SECPro-crypto lawyer John Deaton will file an amicus brief in support of Coinbase’s motion for an interlocutory appeal.
According to Fox News reporter Eleanor Terrett, Deaton will file an amicus brief today, April 26.
In the review, Deaton highlights the urgent need for legal clarity regarding digital assets, highlighting the U.S. SEC’s inconsistent approach to regulation and its detrimental impact on industry participants.
As evidence, the lawyer cites court cases such as Ripple, LBRY, and Telegram, as well as previous SEC statements on cryptocurrency and letters from various regulators and legislators expressing concerns about the regulator’s actions, Terrett noted.
Deaton criticized the SEC’s lack of consistency, including its changing stance on whether crypto tokens are themselves securities.
