Deaton Law Firm founder John Deaton declaredthat 2331 people want to become amici curiae in a lawsuit between Coinbase and the US Securities and Exchange Commission (SEC).
“This is not about protecting Coinbase, but about speaking for ourselves and not letting the SEC or Coinbase speak for us,” he added.
June 9 Deaton has provided amici curiae registration form for Coinbase and Binance clients.
He said that in case of increased interest to take part in the process, investors may be given the status of “friends of the court.”
If this happens, they will be able to participate in the proceedings without representing any of the parties to the dispute.
On June 6, the SEC filed a lawsuit against Coinbase, accusing the platform of violating securities laws. In response to the lawsuit, the exchange accused the Commission of exceeding its powers.
The next hearing in the case is scheduled for July 13.
Recall that a similar defense approach in the case against the SEC was chosen by the Bittrex crypto exchange, filing a motion to dismiss the trial with the Commission.
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