© Reuters
A group of six legal scholars specializing in securities law and related fields submitted an amicus brief in favor of crypto exchange Coinbase (NASDAQ:) in its ongoing legal battle against the United States Securities and Exchange Commission (SEC).
An amicus brief is a document filed in court by a party not directly involved with the related case. It is generally used to add supporting arguments to one side of the lawsuit and emphasizes how the case will have a broader impact beyond the involved parties.
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