Fifth Circuit Curbs SEC’s Crypto Crackdown in Coinbase Ruling
SEC Slaps Down in Coinbase Case: Fifth Circuit Limits “Security” Overreach The Fifth Circuit Court of Appeals just gutted a key SEC weapon against crypto exchanges, ruling that the agency’s broad “investment contract” test can’t ensnare Coinbase’s core operations. In a November 26, 2024, decision, judges tossed out the SEC’s claim that simply listing and…
