Coinbase discusses stocks, Terraform Labs and Howey in 5-hour showdown with SEC

District Judge Catherine Polk Failla heard arguments Since Lawyers For THE SECOND And Coinbase For five hours on Jan. 17. Cointelegraph has A dilapidated of THE the hottest topics.

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United States District Judge Catherine Polk Failla has heard arguments Since THE Securities And Exchange Commission (SECOND) And Coinbase on THE crypto Exchanges movement For dismissal of A trial deposit by THE regulator In June 2022.

THE audience was detained For almost five hours And provided A extensive preview of THE key arguments In courts concerning THE crypto space, assets And THE DRY role In regulator THE industry.

During THE hearing, Judge Failla critically examined THE of the regulator case against THE crypto exchange, ask THE SECOND Lawyers has explain Why A digital token emission would be meet THE Howey test, argue THE case was "Also wide. »

In THE DRY see, buyers of tokens are Also invest In THE network Or ecosystem behind he, indicating there East A value proposal behind A token purchase. Coinbase Lawyers, However, disputed THE argument, affirming that Bitcoin — describe as A merchandise by A SECOND lawyer during THE audience — East Also supported by A community And has A network.

Judge Failla search In THE definition of staking And secondary walk transactions, as GOOD as recent court decisions involving crypto businesses, such as THE Ripple And Terraform Laboratories case. Cointelegraph has summary THE audiences the hottest the subjects below.

Coinbase East trying has create A different Howey test, said SECOND

Lawyers representative THE SECOND argued that THE exchange East trying has create A different version of THE Howey test while allowing trade of crypto tokens that offer holders to access has ecosystems that THE regulator describe as A "common company."

THE SECOND argued that THE exchange independently led THE Howey test, leading has different interpretations concerning THE Status of certain tokens. This divergence In conclusions on THE tokens ...