Wyoming Republican Senator Urges New York District Court to Dismiss SEC Lawsuit Against Coinbase

Odaily News: Republican Senator Cynthia Lummis from Wyoming urges the New York District Court to dismiss the lawsuit against Coinbase filed by the U.S. Securities and Exchange Commission (SEC), partly due to the agency's treatment of cryptocurrencies being "at odds with ongoing legislative efforts." Lummis recently introduced a comprehensive bill on regulating digital assets together with New York Senator Kirsten Gillibrand, stating that the SEC has exceeded its boundaries in regulating cryptocurrencies. (The Block)