Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

June 4, 2025

Clearpool’s Ozean Integrates ChainSight for Secure RWA Oracle Infrastructure

June 4, 2025

Ripple Urges SEC to Launch Real-World Crypto Sandboxes

June 4, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Here’s What to Expect From the BTC Price

    June 3, 2025

    Matter of Time Before Altcoins Take Big Dive Against Bitcoin, According to Analyst Benjamin Cowen

    June 3, 2025

    Crypto Industry ‘Unprepared’ For Quantum Threat Says Analyst

    June 3, 2025

    Metaplanet Acquires 1,088 More Bitcoin, Bringing Total Holdings To 8,888 BTC

    June 3, 2025

    Ethereum – Here’s why there are plenty of trading opportunities this week

    June 4, 2025

    Is $2,850 the Next Pitstop?

    June 3, 2025

    Ethereum: Vitalik Buterin unveils ’10x scaling’ ETH roadmap – Details

    June 3, 2025

    Ethereum at a Crossroads While $2500 Support is in Prime Focus- Will This Result in an 8% Pullback?

    June 3, 2025

    Bitcoin ATH Incoming? Whale Accumulation Hints at Potential Bullish Breakout

    June 4, 2025

    44 mln SUI drops into the market – 2 paths ahead for price action

    June 3, 2025

    Ethereum Whales Are Back—And The Charts Scream Bull Run

    June 3, 2025

    New Ethereum feature backfires – $150K stolen in sweeper attacks post-Pectra upgrade

    June 3, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

    June 4, 2025

    Clearpool’s Ozean Integrates ChainSight for Secure RWA Oracle Infrastructure

    June 4, 2025

    Ripple Urges SEC to Launch Real-World Crypto Sandboxes

    June 4, 2025

    Bitcoin ATH Incoming? Whale Accumulation Hints at Potential Bullish Breakout

    June 4, 2025
  • DeFi

    AAVE price pattern signals a 50% jump ahead of the Umbrella update

    June 4, 2025

    SUI slides 20% as $4 rally reverses course

    June 3, 2025

    Crypto ATM operators in Australia hit with cash limits and tougher compliance checks

    June 3, 2025

    Bitcoin ETFs ended six-week inflow streak over macro jitters and BTC slump

    June 3, 2025

    TON network recovers from 40-minute outage that halted block production

    June 3, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Clearpool’s Ozean Integrates ChainSight for Secure RWA Oracle Infrastructure

    June 4, 2025

    Binance Dominates Crypto Liquidity with Largest Stablecoin Reserves: CryptoQuant

    June 4, 2025

    BNB Chain Launches AI Bot to Help Devs and Block Scammers

    June 3, 2025

    CZ Proposes Dark Pool Perp DEX to Tackle Market Manipulation Risks

    June 3, 2025

    Cryptojacking Campaign Targets DevOps Servers Including Nomad

    June 3, 2025

    Sophisticated Malware Campaign Targets Windows and Linux Systems

    June 2, 2025

    US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree

    May 31, 2025

    Fake Bitdefender Site Spreads Trio of Malware Tools

    May 28, 2025

    BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

    June 4, 2025

    Clearpool’s Ozean Integrates ChainSight for Secure RWA Oracle Infrastructure

    June 4, 2025

    Ripple Urges SEC to Launch Real-World Crypto Sandboxes

    June 4, 2025

    Bitcoin ATH Incoming? Whale Accumulation Hints at Potential Bullish Breakout

    June 4, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

    June 4, 2025

    My Neighbor Alice Launches 500,000 $ALICE Token Airdrop For Alice Birthday Party

    June 3, 2025

    MoonFox Data Releases New Report: Instant Retail Becomes the Next Battleground as JD.com and Meituan Intensify Food Delivery Competition in China

    June 3, 2025

    How Soneium’s Mini-Apps on LINE Could Pave the Way for Mass Web3 Adoption in Asia

    June 3, 2025

    My Neighbor Alice Announces Adventure Airdrop of 500K $ALICE for Community Celebration

    June 3, 2025

    Solana Meme Coin Bonk Launches ‘Kill-to-Earn’ Shooter Game

    June 3, 2025

    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

    June 2, 2025

    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

    June 2, 2025

    BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

    June 4, 2025

    Clearpool’s Ozean Integrates ChainSight for Secure RWA Oracle Infrastructure

    June 4, 2025

    Ripple Urges SEC to Launch Real-World Crypto Sandboxes

    June 4, 2025

    Bitcoin ATH Incoming? Whale Accumulation Hints at Potential Bullish Breakout

    June 4, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Ripple Urges SEC to Launch Real-World Crypto Sandboxes

    June 4, 2025

    Ripple CLO on New US Crypto Bill: ‘Big Step Forward’

    June 3, 2025

    Dubai crypto ambitions soar with Solana and Ripple moves

    June 3, 2025

    Crypto cases Trump’s SEC has paused and dismissed in 2025

    June 3, 2025

    StanChart warns of potential liquidation risks for corporations adopting Bitcoin at high prices

    June 4, 2025

    XRP Ledger transaction volume dips in May as institutional interest rises

    June 3, 2025

    TradFi giant and FTSE-listed IG launches retail crypto trading in UK with Uphold tomorrow

    June 3, 2025

    Russian giant Sberbank launches Bitcoin bonds to expand Russian exposure to crypto

    June 3, 2025

    BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

    June 4, 2025

    Clearpool’s Ozean Integrates ChainSight for Secure RWA Oracle Infrastructure

    June 4, 2025

    Ripple Urges SEC to Launch Real-World Crypto Sandboxes

    June 4, 2025

    Bitcoin ATH Incoming? Whale Accumulation Hints at Potential Bullish Breakout

    June 4, 2025
  • Analysis

    US Bitcoin ETFs navigate $1.2 billion outflows amid European retail approval

    June 3, 2025

    HYPE Coin Hits All-Time High in Q2 with Binance Listing Boost

    June 3, 2025

    Circle’s IPO attracts major interest, set for $7.2B valuation

    June 2, 2025

    Pi bets on games to bolster ecosystem amidst price struggles

    June 2, 2025

    Stellar (XLM) Price Analysis: Is a Run to $0.38 on the Horizon?

    June 2, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Users Taunt Grok After xAI Says Modifications Were Made to Spit out ‘White Genocide’ Claim

    May 16, 2025

    What Is Base? The Ethereum Layer-2 Network Launched by Coinbase

    April 29, 2025

    Bitstamp finally folds into Robinhood in $200M merger, unlocking global crypto passport

    June 3, 2025

    WLFI’s stablecoin USD1 surpasses $10B in transfers within 10 days of Binance listing

    June 3, 2025

    Circle aims for $7.2b valuation with second share offering

    June 2, 2025

    Coinbase says FTX repayments could become a $5B market injection

    May 31, 2025

    BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

    June 4, 2025

    Clearpool’s Ozean Integrates ChainSight for Secure RWA Oracle Infrastructure

    June 4, 2025

    Ripple Urges SEC to Launch Real-World Crypto Sandboxes

    June 4, 2025

    Bitcoin ATH Incoming? Whale Accumulation Hints at Potential Bullish Breakout

    June 4, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Taxes & Regulation»Lummis backs Coinbase with amicus brief slamming SEC for hampering efforts to regulate crypto
Taxes & Regulation

Lummis backs Coinbase with amicus brief slamming SEC for hampering efforts to regulate crypto

January 29, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

US Senator Cynthia Lummis has recently stepped in to support Coinbase in its legal battle against the Securities and Exchange Commission (SEC). In her amicus brief filed with the US Court of Appeals for the Second Circuit, the Wyoming Republican criticized the SEC’s regulatory strategy as a violation of constitutional principles.

Lummis accused the SEC, under former Chair Gary Gensler, of reinterpreting securities laws without transparency or consultation, which she believes undermines congressional oversight. She stated that the agency’s tactics disregard the separation of powers outlined in the Constitution and hinder the innovation and growth of digital assets.

The SEC had initiated a lawsuit against Coinbase in 2023, alleging that the exchange operated as an unregistered broker, exchange, and clearinghouse. However, Coinbase has contested these claims, arguing that the SEC’s regulations do not align with the unique characteristics of digital assets.

The case has significant implications for how cryptocurrencies are governed under US law. Lummis’ brief highlights the SEC’s inconsistent application of the Howey Test, a legal framework for defining securities, which has created regulatory uncertainty for businesses and consumers. She believes that such interpretations should be the responsibility of Congress to ensure a balance between innovation and consumer protection.

As the SEC undergoes leadership changes under the Trump administration, Acting Chair Mark Uyeda has signaled a shift in priorities. Uyeda recently announced the formation of a crypto task force to develop a more pragmatic regulatory framework, raising optimism among crypto advocates for a less adversarial stance from the agency.

Lummis, who now leads the Senate Banking Committee’s digital assets panel, has been a strong advocate for bipartisan efforts to clarify regulatory oversight for crypto. She collaborated with Senator Kirsten Gillibrand on legislation proposing a clearer division of responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC) to streamline compliance requirements for crypto platforms.

See also  What is Operation Choke Point 2.0? Trump vows to end it

With the Coinbase case now before the Second Circuit, Lummis is urging the court to restrain the SEC’s enforcement-driven approach. She believes that judges should reinforce the separation of powers by ensuring that regulatory decisions align with legislative intent rather than agency overreach. Lummis stated, “The SEC cannot act as both lawmaker and enforcer,” and sees the Coinbase case as an opportunity to establish a more balanced framework for digital assets.

amicus backs Coinbase Crypto efforts hampering Lummis regulate SEC slamming
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ripple Urges SEC to Launch Real-World Crypto Sandboxes

June 4, 2025

Binance Dominates Crypto Liquidity with Largest Stablecoin Reserves: CryptoQuant

June 4, 2025

Bitstamp finally folds into Robinhood in $200M merger, unlocking global crypto passport

June 3, 2025

Ripple CLO on New US Crypto Bill: ‘Big Step Forward’

June 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Futureverse Expands Footprint with Candy Digital Acquisition

April 17, 2025

Crypto May Now Have Its Own ‘Inverse Cramer’ and Profits Are in Millions

June 1, 2025

Ethereum To ‘Teleport Moonward’ Once ETH Breaks Above All-Time High, Says Guy Turner – Here Are His Targets

December 20, 2024
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

June 4, 2025

Clearpool’s Ozean Integrates ChainSight for Secure RWA Oracle Infrastructure

June 4, 2025

Ripple Urges SEC to Launch Real-World Crypto Sandboxes

June 4, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.