Latest development in Coinbase-SEC lawsuit elicits reaction from crypto community
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According to Grewal, the SEC's arguments against its motion would imply that anything from Pokemon cards to stamps to Swiftie wristbands are securities.. It’s more of the same old same old. But don’t just take my word for it – take a look for yourself. 1/7Grewal believes that the SEC's continuous enforcement-based strategy overlooks the voice of the 52-million-strong crypto constituency in the United States, which wants rules and regulations for this new technology.
Jennings continued,"While purporting to apply Howey, the SEC untethers that decision from its bedrock requirements, converting the requirement of reasonable profit expectations from the efforts of others into a free-floating expectation of profits."said after reading the SEC opposition that the odds have increased in Coinbase's favor and are now at least 50%. According to Deaton, the SEC's opposition is lacking in the most critical area of all: the law.
But, as Deaton pointed out, this Coinbase decision seems more difficult to predict, but he believes that Judge Failla might hand down the SEC's biggest loss to date.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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