SEC Dodges To Take Position On “Security’ Issue In Binance Case
Also Read: XRP Lawyer Settles Debate On XRP As Security advertisement SEC Refuses Take Position Paul Grewal, Chief Legal Officer for Coinbase mentioned that while reviewing a transcript of Binance’s hearing before Judge Jackson, he spotted the US SEC’s puzzling legal strategy. As per the transcription, the court asked the SEC about the defendants trading tokens that are not considered as securities. So, are the rest of the tokens security or not? SEC Counsel dodged the question stating that it is reserving its right as they are still at the pleading stage. It is required to get into the discovery phase where a full assessment can be done around the categorisation. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto...