The U.S. Securities and Exchange Commission (SEC) recently received backing from two Amicus Briefs in its ongoing legal battle with popular cryptocurrency. The U.S. SEC has gained support from two Amicus Briefs filed on Tuesday, in its lawsuit against crypto exchange Coinbase. As per the Amicus briefs filed to support the SEC argue crypto is insignificant, only used for speculation, and captured by existing investor-protection rules. Briefs challenge Coinbase’s claim that major questions doctrine should limit the SEC’s authority on the nature of securities. In the high-profile legal showdown between the Coinbase is fighting a The U.S. SEC. Stay updated on the latest developments in the Coinbase u s sec gains amicus brief support in lawsuit saga.