👀This is an SEC public statement about a CoinSchedule case today. The SEC notes their "reluctance to provide additional guidance about how to determine whether a token is being sold as part of a securities offering or which tokens are securities" and notes Howey is not clear.
https://twitter.com/HesterPeirce/status/1415354128348368896
I am not a lawyer, but it sure seems to serve up some juicy evidence for the current #Ripple case. So much so it does make you wonder what's happening behind the scenes! This could make waves, coming straight from the SEC.
SEC states it is unclear.
SEC states the Howey test is not always clear.
SEC states they are regulating through prosecution.
SEC says Coinschedule offered securities, but they didn't mention which of the 2500 offered were.
SEC states the Howey test is not always clear.
SEC states they are regulating through prosecution.
SEC says Coinschedule offered securities, but they didn't mention which of the 2500 offered were.
And my favorite line (maybe #Ripple's , too...);
"It is incumbent on us to answer those often complicated questions thoughtfully and in a timely manner.."
"It is incumbent on us to answer those often complicated questions thoughtfully and in a timely manner.."
Interesting too, that the authors are Peirce and Roisman. Would the SEC publish something like this to grease the skids in court? Stay tuned, I guess.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
