Senator Lummis urges court to dismiss SEC's lawsuit against Coinbase.

BlockBeats News, August 12th, according to CoinDesk, US Senator Cynthia Lummis and some cryptocurrency lobbying organizations have called for the Federal Court to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC) against cryptocurrency trading platform Coinbase. The submitted statement claims that the SEC is attempting to overreach its authority in filing the lawsuit. A total of six lobbying organizations, including the Blockchain Association, Andreessen Horowitz, Paradigm, and six scholars, have submitted six briefs.