Tag: Howey

SEC Rebuts Coinbase’s Attempt to Get Appeals Court to Answer Key Crypto Question

Coinbase, the largest U.S. crypto exchange, filed for permission to ask the Second Circuit Court of Appeals if the Howey Test, a longstanding Supreme Court assessment for securities, should apply to digital assets. Coinbase hopes it doesn’t. Coinbase hasn’t successfully argued this is needed, the U.S. Securities and Exchange Commission said Friday. *** In its filing, the SEC argued that…

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FTX US Will Decide What Counts as a Crypto Security, CEO Bankman-Fried Says – Bloomberg

The US arm of crypto trading giant FTX will begin conducting its own analysis to determine whether assets are securities before listing them, founder Sam Bankman-Fried said in a blog post published on Wednesday. While US regulators have said some tokens, like Bitcoin, aren’t securities, “there are a number which are unclear,” the crypto executive wrote. Until there’s more clarity…

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