Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»U.S. District Judge Asks SEC and Coinbase Lawyers to Decide Whether Cryptocurrency Transactions Constitute Investment Contracts
EXCHANGE NEWS

U.S. District Judge Asks SEC and Coinbase Lawyers to Decide Whether Cryptocurrency Transactions Constitute Investment Contracts

By Crypto FlexsJanuary 18, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
U.S. District Judge Asks SEC and Coinbase Lawyers to Decide Whether Cryptocurrency Transactions Constitute Investment Contracts
Share
Facebook Twitter LinkedIn Pinterest Email

The judge did not issue a ruling or announce the outcome, but Coinbase’s victory could be a major blow to the SEC, which has lost several cryptocurrency-related lawsuits.

With the U.S. Congress failing to provide clear guidance for the nascent cryptocurrency market, major U.S. cryptocurrency players have turned to the judicial system to find an appropriate interpretation of the law. High demand for cryptocurrency assets and the upcoming US general election have clearly divided lawmakers. Nonetheless, cryptocurrency interests have come together through Fairshake, a federal super PAC registered with the Federal Election Commission, and have raised $78 million to ensure that pro-crypto leaders are elected.

Coinbase and SEC lawyers are wrangling over cryptocurrency trading.

On Wednesday, January 17, New York District Judge Katherine Polk Failla heard from all attorneys for Coinbase Global Inc (NASDAQ: COIN) and the U.S. Securities and Exchange Commission (SEC). What is noteworthy is that Judge Failla attended the five-hour court session armed and prepared with a 14-page document of difficult questions to which both sides were given time to respond. It was clear that there was a general consensus among lawyers that cryptocurrency tokens listed on US-based exchanges were not securities. However, SEC lawyers have disputed whether cryptocurrency trading on exchanges constitutes investment contracts.

In response, Coinbase’s legal team, led by William Savitt, argued that all tokens traded on the platform are secondary sales and do not constitute investment contracts under the Howey Test. In particular, Sevitt said the claim is a pure question of law that needs to be answered to ensure clarity in the nascent industry.

SEC v. @Coinbase Update V (Last)

The long-awaited hearing is over.

As expected, the judge’s ruling did not come out.

Neither side landed a knockout blow, and frankly, there weren’t many high points during the five-hour hearing.

The judge was a star…

— MetaLawMan (@MetaLawMan) January 17, 2024

With the judge expected to take several weeks to rule, the cryptocurrency market will be eagerly awaiting a decision that will have a major impact on the next phase of web3 adoption in the United States. Meanwhile, if Judge Failla rules in favor of Coinbase, the SEC will likely have to step back from regulating the cryptocurrency industry. Moreover, claims have been made that the SEC exceeded its authority in regulating the cryptocurrency industry without the consent of Congress. On the other hand, if the judge rules in the agency’s favor, it could be a major blow to the cryptocurrency industry as more transactions are subject to the country’s securities laws.

Coinbase does not offer securities. We are confident in the legal arguments and look forward to the decision, which will provide much-needed clarity to the industry. 3/4

– paulgrewal.eth (@iampaulgrewal) January 17, 2024

In particular, Judge Failla has handled several cases related to the cryptocurrency industry, including the Ripple lawsuit, but has not commented on the possibility of ruling. According to her, Judge Jed Rakoff’s ruling that Terraform Labs’ cryptocurrency assets were securities was not entirely shocking. However, she added that Terraforms Labs’ case is very different because the tokens in question are different.

next

Blockchain news, cryptocurrency news, news

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025
Most Popular

Plus Token’s possible sale of $1.3 billion ETH, ‘crypto king’ arrested: Asia Express

October 11, 2024

Council of Europe adopts landmark AI guidelines for journalism

December 30, 2023

Ether Leeum Buyer Stacks up -ETH’s rebound?

February 26, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.