The North American Securities Administrators Association stated in an amicus brief in the Coinbase case that the New York District Court should not impose “some special treatment” on digital assets.
The association said it supports the SEC’s lawsuit against Coinbase and that the court should reject Coinbase’s attempts to narrow and misapply the established legal framework to avoid the same regulatory obligations as all other participants in the federal securities market. Courts should refuse to treat digital assets as something special.
