on digital assets, the company launched an unusual legal offensive, recruiting top lawyers to try to shape court rulings in other cases.on June 6, the company had weighed in on two other crypto-related lawsuits brought by the regulator and urged judges to adopt views on open legal questions that are now at the heart of its own case.While common at the U.S. Supreme Court, amicus briefs are filed in just 0.
For years, the regulator had pursued developers for selling digital tokens without registering them. But it has recently shifted focus to the bigger players like exchanges as it tries to corral what SEC Chairman Gary Gensler called "the company of operating an unregistered exchange, broker and clearinghouse, saying at least 13 of the crypto assets it made available to U.S. investors, including Solana, Cardano and Polygon, were securities.
Coinbase argued the digital assets on its platform do not pass that test, in part because they lack contractual agreements. In its other amicus brief, Coinbase urged a federal judge in Manhattan to allow the fair notice defense in the SEC case against Ripple Labs, which was the industry's highest-profile battle with the regulator prior to the Coinbase case.
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