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The Implications of the Coinbase Case
I'm confident that they will be raising this opinion in their case with the SEC. It's something lawyers call persuasive authority as opposed to binding authority. According to this judge, there's no reliance on the efforts of third parties under the how we test. So, those things are not securities transactions. And also, if I were them, I would also be pointing out that blind bit ask digital asset transactions and digital asset platforms. They're not those types of transactions that should be covered by securities.