๐Big news for #crypto supporters!๐ Investment firm Paradigm is backing Bittrex by filing an amicus brief against the SEC's claims of "wrongful charges" in the secondary #crypto market.โ
The Howey test, used by the SEC, seems unreasonable in this case, as Paradigm argues that crypto assets aren't "investment contracts" and thus, not under the SEC's jurisdiction.๐ค๐ก
๐This could be a game-changer, as the SEC had similar charges against Coinbase and Binance. Coinbase co-founder, Fred Ehrsam's support aims to hold the SEC accountable for a lack of clarity in digital asset regulation.๐๐ผ
Join the discussionโฌ๏ธWhat are your thoughts on Paradigm's move and the SEC's crypto regulations?๐ญ ๐จ๏ธ
The Howey test, used by the SEC, seems unreasonable in this case, as Paradigm argues that crypto assets aren't "investment contracts" and thus, not under the SEC's jurisdiction.๐ค๐ก
๐This could be a game-changer, as the SEC had similar charges against Coinbase and Binance. Coinbase co-founder, Fred Ehrsam's support aims to hold the SEC accountable for a lack of clarity in digital asset regulation.๐๐ผ
Join the discussionโฌ๏ธWhat are your thoughts on Paradigm's move and the SEC's crypto regulations?๐ญ ๐จ๏ธ