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Coinbase Sued By SEC | Casey Wagner
Forward Guidance
The SEC's Argument About Crypto Assets
Most crypto assets operate under investment contracts where the investor has reasonable expectation for profit and that should be a security. The issue with kind of tackling that token classification piece in these lawsuits against specific exchanges is the SEC is not suing Solana for issuing what they would say as an unregistered security. They're targeting Coinbase and Binance for facilitating the trading of it.
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