Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

July 8, 2025

Atomico3 Announces Strategic Alliance with Taiwanese Company Hua Lian Mining S.A.

July 8, 2025

A Breakthrough for Blockchain Exploration

July 8, 2025

Bitcoin Slips Below $108K, Erases Weekend Gains as Trump Ramps Up Tariffs

July 8, 2025

Mysterious $441 Million Binance Withdrawal Sparks Speculation

July 8, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels

    July 8, 2025

    Another Public Company Treasury Pivots to Ethereum With $172M Raise

    July 8, 2025

    XRP Price Pops and Drops — Can Bulls Regain Control?

    July 8, 2025

    Bitcoin Traders Are Betting Against the Rally, Will It Backfire?

    July 8, 2025

    Crypto Funds Break Records: $188B AuM After $1B Weekly Inflows

    July 8, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Technology » Blockchain » SEC seeks judicial ruling on crypto asset classification in Terraform Labs case
Blockchain

SEC seeks judicial ruling on crypto asset classification in Terraform Labs case

Crypto Observer StaffBy Crypto Observer StaffDecember 6, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Securities and Exchange Commission (SEC) has requested a judge, rather than a jury, to determine whether specific cryptocurrencies involved in the Terraform Labs case are classified as securities.

In a Dec. 4 filing, the SEC requested the presiding judge to determine whether certain crypto assets are securities, a role traditionally reserved for a jury.

The central part of the SEC’s argument rests on applying the Howey test, a longstanding benchmark for defining a security. The commission is firm in its belief that the cryptocurrencies involved in this case meet the criteria of an investment of money in a common enterprise, with profits expected predominantly from the efforts of others.

The SEC’s filing stated, “There is no genuine dispute of material fact that Defendants’ crypto asset offerings involved an investment of money, in a common enterprise, with an expectation of profit to be derived from Defendants’ efforts.” This statement underscores their confidence in the straightforwardness of the case, suggesting no need for a jury’s deliberation.

This intervention by the SEC is part of a larger pattern of the commission actively categorizing cryptocurrencies as securities, as evidenced in its actions against industry giants like Binance and Coinbase. In the notable case against Ripple, a federal judge’s decision on the XRP token indicated that it might not be classified as a security, potentially influencing the SEC’s future dealings with Ripple’s top executives.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Truth Social Bitcoin And Ether ETF Filing Acknowledged By SEC

Truth Social Bitcoin And Ether ETF Filing Acknowledged By SEC

July 8, 2025
5 Countries Where Crypto Is Tax-Free in 2025 (And Still Legal)

5 Countries Where Crypto Is Tax-Free in 2025 (And Still Legal)

July 7, 2025
Shenzhen Warns Against Stablecoin Scams

Shenzhen Warns Against Stablecoin Scams

July 7, 2025
LetsBonk Surpasses Pump.fun in Daily Revenue, Per DefiLlama Data

LetsBonk Surpasses Pump.fun in Daily Revenue, Per DefiLlama Data

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

July 8, 2025

Atomico3 Announces Strategic Alliance with Taiwanese Company Hua Lian Mining S.A.

July 8, 2025

A Breakthrough for Blockchain Exploration

July 8, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Another Public Company Treasury Pivots to Ethereum With $172M Raise

July 8, 2025

XRP Price Pops and Drops — Can Bulls Regain Control?

July 8, 2025

Bitcoin Traders Are Betting Against the Rally, Will It Backfire?

July 8, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.