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COIN Began Its Legal Defense Months Before SEC Lawsuit: Report

In anticipation of a potential legal challenge to its operations, Coinbase contracted with legal professionals to file amicus briefs in federal trials of other fintech-related cases. So reports Reuters.

The unusual legal tactic—amicus briefs are used in only 0.1% of federal trial court cases and are much more common at the Supreme Court level—began months before the U.S. Securities and Exchange Commission sued the company earlier this month. Favorable outcomes in other cases would not have a legally binding impact on its own litigation.

Read the full article from Reuters.



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