Coinbase Has Petitioned Judge to File Amicus Statement in SEC, Ripple Labs Lawsuit

Coinbase has applied to a judge to file an amicus brief in a lawsuit between the U.S. Securities Commission (SEC) and Ripple Labs, arguing that the lack of clarity in crypto enforcement actions puts the U.S. exchange at a disadvantage, The Block reported. status, Coinbase urged the court to deny the SEC’s request for summary judgment, arguing that companies trying to comply suffered significant losses due to the SEC’s lack of transparency. Foresight News previously reported that in September both Ripple and the US SEC asked the judge to make a summary judgment in the case of Ripple’s sale of unregistered securities XRP; Statement of opinion.