Estimated reading time: 0 minutes, 27 seconds

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.

 

 

Read 634 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.