TL;DR Breakdown

• Six renowned law professors have filed an amicus brief supporting Coinbase's lawsuit against the SEC, highlighting the historical significance of investment contracts.
• The professors underscore the Howey test's role in defining investment contracts and stress the need for consistency in its interpretation.

In a significant development, six esteemed law professors and scholars have come forward to support cryptocurrency exchange, Coinbase in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). This move underscores the importance of the case and its potential implications for the broader crypto industry.

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