Coin

<ul class="news-points"> 
 <li>During the recent court hearing, the Binance lawyers criticized the SEC’s hypocritical stance on crypto regulations.</li> 
 <li>The regulators apparently remained silent while the judge asked the SEC to define a security token.</li> 
 <li>Paul Grewal states that the SEC was silent about Hinman’s test as if the question was never asked.</li> 
</ul> 
The Securities and Exchange Commission’s autocratic authority over the crypto space has been in question over the past years. In the recent Binance-SEC court <a href="https://www.reuters.com/legal/binance-kicks-off-oral-arguments-push-end-sec-lawsuit-2024-01-22/" target="_blank" rel="nofollow">hearing</a>, Binance lawyers criticized the regulators’ hypocritical stance on crypto regulation. 
As per reports, Judge Amy Berman Jackson, US District Court for the District of Columbia, ordered the SEC to define a security token, elaborating on the “boundary between a security token and a virtual currency. While the SEC argued that all digital assets come under the category of security, the judge <a href="https://www.bloomberg.com/news/articles/2024-01-22/binance-holdings-case-again-testing-extent-of-sec-s-jurisdiction-over-crypto" target="_blank" rel="nofollow">asked</a>, “How are the issuers supposed to know when they cross the line?”. 
According to prominent crypto voices, including Paul Grewal and MetaLawman, the SEC deliberately remained silent on the matter. MetaLawMan <a href="https://x.com/MetaLawMan/status/1749572991925539304?s=20" target="_blank" rel="nofollow">pointed</a> out t…
The post <a href="https://coinedition.com/binance-slams-secs-hypocritical-stance-on-crypto-regulation-report/">Binance Slams SEC’s Hypocritical Stance on Crypto Regulation: Report</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance Slams SEC’s Hypocritical Stance on Crypto Regulation: Report

Coin Edition

Other articles published on Jan 23, 2024

Coinbase (COIN) Shares Dip in Premarket After Stock Downgrade by JPM; $80 PT

Riot Games Announces Global Workforce Reduction of Over 500 Jobs

Cardano and Dogecoin investors bullish on Pushd in ongoing presale

Analysts endorse Helium and Pullix, back to all-time highs?

Dogecoin Price Prediction: DOGE Plunges 7% As Analysts Say This Competitor Might Be The Best Meme...

Stock Market Rises While Bitcoin Continues Downward Trend

Join our free newsletter for daily crypto updates!