EddieJayonCrypto
24 Jan 24
The recent Binance-SEC court hearing has brought to light the SEC’s ambiguous stance on crypto regulations and its handling of security tokens. Binance lawyers criticized the regulators’ hypocritical approach, while Judge Amy Berman Jackson ordered the SEC to define a security token, questioning how...
In a recent Binance-SEC court hearing, the SEC's handling of security tokens and its ambiguous stance on crypto regulations came under scrutiny. Binance lawyers criticized the regulator's hypocritical approach, while Judge Amy Berman Jackson ordered the SEC to define a security token, questioning how issuers can know when they cross the line.
Prominent voices in the crypto space, including Paul Grewal and MetaLawman, pointed out that the SEC deliberately remained silent on the matter, omitting mention of Bill Hinman's "sufficiently decentralized" test. The hearing focused on whether cryptocurrencies are securities and followed similar allegations against Coinbase, with expectations of bringing a new turn in the crypto space.
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