Lawyers for Coinbase argued in a legal filing that a recent U.S. Supreme Court judgment on student debt cancellation supports their fight against charges of operating an unregistered securities venue.

The Securities and Exchange Commission (SEC) charged Coinbase with breaching federal securities law in June, which the exchange claims is an attempt by the regulator to exert excessive power over the digital asset industry.

Coinbase cites a Supreme Court ruling on June 30, which reinforced a legal doctrine that government agencies need clear support from Congress when making decisions of major economic or political significance, as closely analogous to their case. The parties will meet for a preliminary hearing in a New York courtroom on Thursday.