U.S. SEC: Regrets Possible Confusion Over Repeated Statements That Tokens Are Per Se Securities
On September 13, Coinbase Chief Legal Officer Paul Grewal said in a social media post that the U.S. Securities and Exchange Commission (SEC), in footnote No. 6 of the Amended Complaint filed against Binance, stated that, as the court pointed out, the SEC reiterated that in using the term crypto-asset securities, it does not mean that crypto-assets are securities per se; rather, as the SEC has maintained since its first crypto-asset Howey case, the term is a shorthand, and the SEC regrets any confusion that may have arisen.
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