Coinbase has filed a motion to dismiss the SEC lawsuit against it, and lawyer John Deaton believes the Major Questions Doctrine will strongly support this argument. The SEC claims that Coinbase should have registered as a securities exchange, broker, and clearing agency under federal securities laws, but Coinbase strongly disagrees. Deaton predicts that many parties will request permission to file an amicus brief in the case, especially those who challenge the SEC’s classification of certain digital assets as securities.

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