Investment contracts are securities regulated by the SEC, so if a crypto transaction qualifies, it belongs in the agency’s jurisdiction and should be properly registered under the law. The regulator has argued before lawmakers and courts that the vast majority of digital assets are securities, but Coinbase and others from the industry contend that once the asset hits secondary markets and is no longer connected to the business that issued it, the token is beyond the SEC’s legal reach. Answering this dispute would be fundamental for the U.S. crypto sector.
Bitcoin Takes Aim At New Highs Despite Bearish Factors
Key takeaways:Bitcoin (BTC) reclaimed $108,000 on Monday after retesting the $104,000 support level over the weekend. The gains came as...
