Paradigm Files Amicus Brief in the SEC-Binance Lawsuit: Report

• Paradigm files an amicus brief in the SEC lawsuit against Binance.
• The platform points out the SEC’s “capacious” and “unreasonable” norms, highlighting the need for Congressional authorization.
• Per their official announcement, Paradigm opposes the SEC’s gambit despite the platform’s non-involvement with Binance.

The research-driven technology investment firm Paradigm recently filed an amicus brief in the Securities and Exchange Commission’s (SEC) legal war against Binance. In an official statement, Paradigm asserted that they strongly oppose the regulator’s “gambit” despite the platform’s non-involvement with Binance.

On September 29, Paradigm submitted the amicus brief in the SEC-Binance lawsuit to seek justice for the crypto exchange, claiming that the SEC’s theories contradicted the crypto communities’ knowledge of the securities laws. The platform pointed out the “critical” ways in which the SEC’s norms are vague.

The first point Paradigm spotlighted was the regulator’s insistence on the Court to accept the “facially incredible argument that an ‘investment …

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