SEC at Binance oral: “The token itself represents the investment contract . . . the token represents the embodiment of an investment contract”.
Didn’t they say the opposite at CB oral?
— Scott Johnsson (@SGJohnsson) January 22, 2024
SEC v. @Binance Update II
The hearing is concluded.
Some big picture takeaways:
-the judge seems skeptical of the idea that $BUSD stablecoin was offered as an investment contract.
-the judge seems receptive to the argument that Binance initially offered the $BNB token as an…
— MetaLawMan (@MetaLawMan) January 22, 2024
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- Source: https://decrypt.co/213990/crypto-token-itself-security-sec-cant-make-up-mind-coinbase-binance
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