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Policy Corner: Grayscale ETF, Uniswap Dismissal, Tornado Cash Indictment | Rebecca Rettig, Jake Chervinsky
Empire
Court rejects application of federal securities laws in cryptocurrency case
The court rejects the plaintiffs' request to apply federal securities laws to these transactions. The judge concludes that the concerns should be addressed to Congress. This ruling is encouraging and suggests that Coinbase may win their case. However, the courts and Congress have yet to determine whether ERC 20 tokens constitute securities or commodities.
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