The SEC cases against the exchanges will likely come down to whether or not investors buying crypto tokens expected any profit based on statements made by their creators–whether that be developers, foundations or individuals.
Are cryptocurrencies a securities?
The United States Securities and Exchange Commission (SEC) has formally listed nine cryptocurrencies as securities during an insider trading case that involves an ex-employee of the crypto exchange Coinbase.
Did the SEC list 12 crypto tokens as securities?
The SEC “offers no evidence for that broad conclusionary statement other than the allegations” in its complaint, which include listing 12 crypto tokens as securities.
Is the SEC cleaning up the crypto industry?
More and more, the U.S. Securities and Exchange Commission (SEC) appears set on cleaning up the crypto industry. While some investors argue that more regulations will help legitimize the space, others are concerned that too much regulatory interference could diminish its decentralized appeal. Is Crypto a Security?
