Binance Case Again Testing Extent of SEC's Power Over Crypto – Bloomberg Law

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
By Sabrina Willmer
A US federal judge pressed the <-bsp-bb-link state="{"bbHref":"bbg://securities/13165Z%20US%20Equity","_id":"0000018d-336e-de1f-adbf-37ee7bbd0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Securities and Exchange Commission on its stance on <-bsp-bb-link state="{"bbHref":"bbg://news/topics/CRYPTOMKT","_id":"0000018d-336e-de1f-adbf-37ee7bbd0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">cryptocurrencies in the regulator’s high-profile case against <-bsp-bb-link state="{"bbHref":"bbg://securities/1624796D%20CH%20Equity","_id":"0000018d-336e-de1f-adbf-37ee7bbd0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Binance Holdings Ltd.
Amy Berman Jackson, a judge in the US District Court for the District of Columbia, asked the SEC to define a boundary for what it considered a security in regards to virtual tokens. The SEC under Chair Gary Gensler has argued that most crypto assets fall under the agency’s jurisdiction and are subject to its rules.
During a hearing Monday, Jackson said the SEC seems to be saying that all digital assets are securities. “How …
AI-powered legal analytics, workflow tools and premium legal & business news.
Log in to keep reading or access research tools.

source