News with the tag "Investment Contract"

The Digital Chamber issued a crypto agenda for the incoming SEC leadership to repair its “troubled relationship” with the crypto industry.

Ripple has escalated its legal battle with the U.S. Securities and Exchange Commission (SEC), filing a cross-appeal to challenge unresolved issues around XRP sales. This comes after the SEC sought to overturn parts of the rulings that cleared Ripple’s retail XRP transactions from securities violatio...

The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.

The U.S. District Court for the District of Columbia has dismissed several claims in the U.S. Securities and Exchange Commission (SEC)’s case against Binance and its affiliates. This includes allegations related to secondary BNB sales and the sale of the stablecoin BUSD. However, the majority of the...

This year, with the U.S. Securities and Exchange Commission (SEC) increasing enforcement on businesses accused of offering unregistered crypto securities to American investors, regulators, attorneys, and judges have been utilizing the Howey Test to ascertain whether specific crypto assets constitute...

In a recent motion to dismiss a case brought by the Securities and Exchange Commission (SEC), cryptocurrency exchange Kraken argued that the SEC’s legal theory misinterprets crucial aspects of the case. The court document, dated May 9, 2024, claims the SEC fails to identify legitimate investment con...

In a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in digital asset transactions. Th...

Top US crypto exchange Coinbase is looking to file an interlocutory appeal in its lawsuit with the U.S. Securities and Exchange Commission (SEC) regarding the definition of an “investment contract.” In a new thread, Coinbase chief legal officer Paul Grewal says that the crypto exchange is filing an ...

Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SEC’s expansive concept of...

Coinbase says the SEC’s definition of an investment contract isn’t in line with U.S. securities laws.