The Securities and Trade Commission (SEC) lawsuit versus Coinbase hinges on an interpretation of securities law that conflicts with logic recognized a century back, in accordance to various lawful scholars who weighed in on the situation on Friday.
The group of six—including law professors at Fordham Regulation University, Yale Regulation College, and the College of Chicago Law—penned an amicus quick in support of Coinbase that stated the time period “investment contract” has a far more minimal scope than the SEC thinks.
In their joint filing, the students mentioned their affiliations with some of the country’s prime legislation schools are included
