Test

Circuit

Coin

<ul class="news-points"> 
 <li>The SEC has moved to stop Coinbase’s appeal to the court in the ongoing litigation.</li> 
 <li>Coinbase applied for permission to ask the Second Circuit Court of Appeals if the Howey Test should apply to digital assets.</li> 
 <li>Coinbase accused the SEC of creating a “new legal test” that would fit cryptocurrencies into existing securities.</li> 
</ul> 
The U.S. Securities and Exchange Commission (SEC) has moved to stop Coinbase’s appeal to the court in the ongoing litigation. The crypto exchange reportedly applied for permission to ask the Second Circuit Court of Appeals if the Howey Test should apply to digital assets. 
To stop Coinbase’s appeal, the SEC <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.125.0.pdf" target="_blank" rel="nofollow">filed</a> on Friday that the crypto exchange has not successfully argued that the appeal is needed. However, the Howey Test question stems from the SEC’s accusation that Coinbase operates as an unregistered broker, exchange, and clearinghouse in the U.S. 
Meanwhile, the SEC’s stand revolves around some cryptocurrencies being securities. Under such conditions, the affected cryptos would meet the Howey Test, requiring Coinbase to get the SEC’s approval before making them available for customers to trade. 
According to the fili…
The post <a href="https://coinedition.com/the-sec-files-to-stop-coinbases-attempt-to-ask-a-howey-test-question/">The SEC Files To Stop Coinbase’s Attempt to Ask a Howey Test Question</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

The SEC Files To Stop Coinbase’s Attempt to Ask a Howey Test Question

Coin Edition

2024년 5월 11일에 게재된 다른 기사

Will Ethereum ETFs Be Approved? Possibility Jumps After Interesting Development! Bloomberg ETF An...

Why Is BENQI’s QI Token Going Up? Analysts Agree Price Has Room to Run, Here Are Their Targets

Experts Who Predicted The Solana and Cardano Pumps Are Betting Big On Rollblock (RBLK)

Bitcoin and Ethereum Rebound Sparks Market Optimism; Furrever Token Unveils $20,000 Competition

Sensay Onboards Arbitrum and Base as L2 Solutions

Wells Fargo Dips Toes into Bitcoin with ETF Investments

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!