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🇺🇸 SEC Rebuts 🏦 Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question

U.S. regulators said an appeals court shouldn't heed Coinbase's request to review how – or if – conventional securities rules apply to cryptocurrencies. 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.

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🇺🇸 SEC Rebuts 🏦 Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question

U.S. regulators said an appeals court shouldn't heed Coinbase's request to review how – or if – conventional securities rules apply to cryptocurrencies. 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.

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@TradeCryptoNow
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🇺🇸 SEC Rebuts 🏦 Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question

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