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bitfolio / david 🌟🚀
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2024-04-15 01:19:05

bitfolio on Nostr: Coinbase is taking the fight against the SEC to the next level, namely, the U.S. ...

Coinbase is taking the fight against the SEC to the next level, namely, the U.S. Court of Appeals for the Second Circuit! 💪🏼 They're seeking to challenge the core question at the center of the case.

Coinbase is arguing that the Securities and Exchange Commission (SEC) overstepped its authority in classifying its crypto lending program as a security. Coinbase contends that the program is not a security as it does not meet the Howey Test, which requires an investment of money with the expectation of profits solely from the efforts of others. 💡

#Coinbase #SEC #CryptoNews #SECvsCrypto
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