Crystal Intelligence’s Post

🚨 Courtroom drama in the crypto world! 🚨 The SEC's ongoing battle with Binance heats up as key fraud charges are given the green light while Binance anxiously awaits clarity in the securities law realm. Judge Jackson's recent ruling brought mixed results, dismissing some charges but allowing others to proceed, 🛑 including major fraud and registration allegations. Here are some key takeaways: - Binance's ICO charges remain in play, but secondary sales were dismissed. - Economic realities are crucial in determining security status. - The SEC presses the importance of the Howey Test in crypto asset regulation. Tap into the ➡️ https://lnkd.in/dbvjdfnR to dive deeper into this legal showdown shaping the future of crypto regulation! 📈💼 #SEC #Binance #CryptoRegulation #HoweyTest #SecurityLaws #CryptocurrencyFuture

SEC prevails over Coinbase in crypto regulation case.13h41 ▪ 3 min of reading ▪ by Eddy S. In the tumultuous arena of crypto regulation, a new explosive chapter has opened. It is marked by a resounding court decision granting a partial victory to the SEC in its clash with Coinbase. However, this decision is merely the beginning of a broader legal battle that could redefine the regulatory landscape for digital assets.  The Legal Stakes The court’s decision allows the SEC to continue its lawsuit against Coinbase, the largest US-based crypto exchange. Yet, this ruling is just the start of a more extensive legal fight that may reshape... https://lnkd.in/ddEinfCB #case #Coinbase #crypto #prevails #regulation #SEC

Are 80 year old security laws technology-agnostic or do contemporary “crypto currencies” evade the law’s prevailing definitions? That’s one of the key issues at the heart of the SEC’s case against Coinbase, which has received clearance to proceed. One often hears that legislation and regulations should be technology agnostic; this case will go towards clarifying whether or not that’s already the case. #cryptocurrencies #sec #courtcase #coinbase

A U.S. Court in Manhattan has recently ruled that the U.S. Securities and Exchange Commission (𝗦𝗘𝗖) can proceed with its lawsuit against Coinbase, the largest U.S. cryptocurrency exchange. While the court ruled that the SEC could proceed with its lawsuit, it also dismissed one of the claims made by the regulatory body. The court partly granted Coinbase's request to dismiss the lawsuit alleging the company's violation of SEC rules. While this decision represents a partial victory for Coinbase, it largely supports the SEC's stance on cryptocurrency regulation, aligning with previous rulings favouring the regulator. Coinbase's Chief Legal Officer, Paul Grewal, expressed confidence in their legal arguments and is determined to continue contesting the SEC's claims. Meanwhile, an SEC spokesperson welcomed the court's decision, emphasising the agency's commitment to safeguarding investors in the crypto market within the framework of securities laws. The SEC had sued Coinbase in June, accusing it of trading crypto tokens that should have been registered as securities and operating as an unregistered securities exchange, broker, and clearing agency. The court allowed most of the lawsuit to proceed but dismissed the claim that Coinbase acted as an unregistered broker through its wallet application. The SEC had based its arguments on a Supreme Court ruling, contending that certain crypto assets meet the definition of securities, especially if returns depend significantly on the efforts of others. Coinbase has argued against this, claiming that crypto assets differ from traditional securities. However, the court sided with the SEC, suggesting that some digital assets listed on Coinbase could indeed be considered securities based on statements by developers indicating potential profit derived from the efforts of others. This case signifies a significant milestone in the SEC's efforts to regulate digital asset companies under U.S. securities law and subject them to stricter regulations and disclosures. #usa #ussec #sec #securitieslaw #crypto #cryptoexchange #coinbase #fintech #fintechnews #news #update

Coinbase Sues SEC and FDIC Over Alleged Lack of Transparency in Crypto Regulation Coinbase is suing the U.S. Securities and Exchange Commission and the Federal Deposit Insurance Corporation (FDIC) for allegedly failing to comply with Freedom of Information Act (FOIA) requests. The crypto exchange accuses the regulators of trying to stifle the crypto industry by withholding information on key issues like Ethereum's classification and the FDIC's "pause letters" targeting crypto-related bank activities (Chokepoint 2.0). Coinbase believes these actions are part of a broader effort by financial regulators to impede crypto adoption through a lack of clear rules and backdoor tactics. This is the latest chapter in an ongoing battle between Coinbase and the SEC over crypto regulation. Curious to see what gets released. #regulation #enforcement #banking #blockchain #crypto #cryptocurrency #fairacess

#CryptoExchangeNews #Coinbase #ethereum #USSEC Coinbase Defends Ethereum as a Commodity in Response to SEC: Coinbase has submitted a letter to the SEC, arguing that Ethereum is not a security but a commodity. The crypto exchange cited Ethereum’s consensus mechanism, governance, and market treatment as evidence. The letter is part of Coinbase’s ongoing dispute with the SEC over crypto regulation. The exchange has responded to the matter in question. On […] The post Coinbase Defends Ethereum as a Commodity in Response to SEC appeared first on Coinscreed.

More a question about custody vs self/custody. After all - there maybe illegal security’s and blatant frauds - but my man Gary did say that generally… “Your keys, your crypto” was less likely to be a security. Especially when it came to custodial staking The ownership economy is here. Self-custody and Web3 are the only ways for the next generation of the web to scale securely and efficiently.

SEC vs. Coinbase: The SEC’s lawsuit against Coinbase, alleging violations of federal securities laws, is allowed to proceed as the court found sufficient allegations that some crypto assets are “investment contracts” under the Howey test. Howey Test Application: The court applied the Howey test to determine if the crypto assets in question are “securities,” focusing on two specific assets: #SOL and #CHZ. Coinbase’s Arguments Rejected: Coinbase’s motion for judgment on the pleadings was denied, with the court rejecting their argument that crypto asset transactions could not qualify as "investment contracts." Implications for Crypto Industry: This decision is significant for the crypto industry as it supports the SEC’s regulatory authority over crypto assets, although it is based on the specific facts of this case and does not make broad declarations about the industry. #CryptoAssets #CryptoMarkets #InvestmentContracts #Staking #CryptoIndustry #StakingPools #HoweyTest U.S. Securities and Exchange Commission Coinbase #ProofofStake #securitieslaw #DelegatedProofofStake #PoS #DPoS Mintz

🚨 Coinbase vs SEC: The Battle for Clear Crypto Rules Continues🚨 In a crucial court hearing, Coinbase is pushing the SEC for clearer crypto regulations, claiming current rules lack transparency. The SEC, however, maintains that existing laws are sufficient and apply to digital assets. Key Points: ⚖️ Coinbase argues for clearer guidelines, frustrated by the SEC’s denial to establish new rules. 📢 SEC stands firm, stating that most digital tokens are already considered securities. 🔍 Both are also engaged in a separate legal battle regarding Coinbase's alleged operation as an unregistered broker and exchange. As this legal clash unfolds, the crypto industry's future regulatory landscape could be significantly shaped. https://lnkd.in/gKxtEY5G #CryptoRegulations #CoinbaseVsSEC #CryptoNews #DigitalAssets #DeFi