2024

United

Coin

<ul class="news-points"> 
 <li><strong>The SEC argues that Coinbase has created a deviated form of the original Howey Test, which Coinbase denies.</strong></li> 
 <li><strong>Judge Failla remains unsatisfied with the SEC’s statements and demands a clearer definition of securities.</strong></li> 
 <li><strong>Lawyer Bill Morgan sees this development as a green signal towards the United States’ classification of cryptocurrencies as non-securities.</strong></li> 
</ul> 
<p>The legal brawl between the SEC and crypto exchanges took a new turn in a recent <a href="https://www.reuters.com/legal/coinbase-sec-set-face-off-federal-court-over-regulators-crypto-authority-2024-01-17/" target="_blank" rel="nofollow">hearing </a>where United States Judge Katherine Polk Failla cross-examined the regulator. The judge remains unsatisfied with the SEC’s statements against Coinbase, and XRP advocate Bill Morgan believes this is a sign that cryptocurrencies will eventually be acknowledged as non-securities in the U.S.</p> 
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   <p lang="en" dir="ltr">One thing is clear. It is now common ground the tokens themselves are not securities. After the SEC v Ripple summary judgment it was said that Judge Torres finding that <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a> itself is not a security is only obiter. But it seems it has already had a far reaching effect including… <a href="https://t.co/dMWeAvXlYF" target="_blank" rel="nofollow">https://t.co/dMWeAvXlYF</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1747779275825332247?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 18, 2024</a>
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<p>During the hearing, Judge Failla demanded that the SEC provide clearer definiti…</p>
<p>The post <a href="https://coinedition.com/sec-v-coinbase-federal-judge-says-tokens-are-not-securities/">SEC v. Coinbase: Federal Judge Says “Tokens Are Not Securities”</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

SEC v. Coinbase: Federal Judge Says “Tokens Are Not Securities”

Coin Edition

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