‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase By Cointelegraph

Paradigm, the crypto investment firm led by Coinbase (NASDAQ:) co-founder Fred Ehrsam, has petitioned to file an amicus brief in support of Coinbase’s case against the United States Securities and Exchange Commission (SEC).

In March, Coinbase received a Wells notice from the SEC, potentially leading to the financial regulator taking enforcement action against the U.S.-based crypto exchange. In response, Coinbase filed a complaint against the SEC in April seeking to compel the commission to provide clear regulatory guidelines for crypto firms operating in the country.