📣 Paradigm Files Amicus Brief Supporting Binance in SEC Lawsuit Venture investment firm Paradigm, specializing in cryptocurrency, has submitted an amicus brief in support of Binance amid its legal battle with the U.S. Securities and Exchange Commission (SEC). Paradigm asserts that the SEC is attempting to establish regulatory rules through litigation and using Binance to manipulate existing laws in its favor. The firm calls the SEC's complaint against Binance an abuse of power, accusing the regulatory body of pursuing its interests by expanding its jurisdiction over digital assets. Paradigm also emphasizes that many assets traded in financial markets, such as gold and art, can generate profits but are not classified as securities. This amicus brief follows Circle's similar submission, arguing that stablecoins are not investment contracts and should not fall under securities regulations. 💼🤝 #Paradigm #Binance #SECLawsuit