SEC faces challenges in Coinbase lawsuit hearing as judge questions its test for determining securities. Concerns arise over broad regulatory authority, major questions doctrine, and uncertain case outcome.
EdmundSEC sues Binance, citing similar Terraform Labs case, focusing on unregistered securities offers and sales.
KikyoAside from accusing the SEC of overreaching their authority, the motion also raises the issue of the "major questions doctrine".
ClementAccording to an official statement from the SEC on Monday, the company allegedly sold non-fungible tokens (NFTs) without proper registration or exemptions.
DavinMere days after Coinbase went on the attack, Bittrex followed suit.
cryptopotatoDay, who spent 15 years at the US DOJ, will supposedly appear as counsel for Binance in its legal battle against the SEC.
cryptopotatoThe suit comes a day after the SEC sued Binance.
OthersGemini and Genesis are seeking the dismissal of a lawsuit filed in January by the Securities and Exchange Commission. The SEC accused the firms of the unregistered offer and sales of securities in the form of Gemini’s Earn lending program.
TheBlockWell-known platforms had consistently been coming forward to support the blockchain company by asking for permission to file amicus briefs.
OthersIn both cases, plaintiffs allege Coinbase made fraudulent and misleading statements about the company's business, operations and compliance efforts throughout the class period.
Cointelegraph