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The SEC has spent a substantial time in courtroom on crypto issues, and its file of judgements is – to this point – a combined bag. It misplaced badly in disputes with Ripple and Grayscale (resulting in the approval of spot bitcoin exchange-traded funds), nevertheless it’s prevailed in others, together with a current ruling in an insider-trading case tied to a former Coinbase worker. In that case, a choose within the U.S. District Court docket for the Western District of Washington determined the crypto belongings in that matter have been unregistered securities.
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