Months before cryptocurrency exchange Coinbase (COIN.O) became the biggest target of the U.S. crackdown on digital assets, the company launched an unusual legal offensive, recruiting top lawyers to try to shape court rulings in other cases.
Before the U.S. Securities and Exchange Commission sued Coinbase 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.
In each case, Coinbase filed briefs as an “amicus,” or friend of the court.
‘Enforcement 40’ for 2020
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