In the Coinbase SEC lawsuit, several organizations and individuals have filed amicus briefs, including U.S. lawmaker Cynthia Lummis, the Blockchain Association, the Crypto Council for Innovation, and others. Coinbase’s chief legal officer expressed appreciation for the briefs, stating that they will help the Court understand the SEC’s legal errors. The amicus brief provided by a group of law professors is criticized for disregarding the holding in the Joiner case. The scholars claim that an investment contract requires contractual undertakings to deliver future value, but according to Joiner, this assertion is incorrect. Overall, the content discusses different perspectives and arguments related to the Coinbase lawsuit and provides a disclaimer regarding investment advice.
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