News about Us Securities & Exchange Commission

Us Securities & Exchange Commission

Fort Worth, TX 76109

Former SEC counsel: Claiming ‘nearly all digital assets are securities’ ignores ‘complexity’

By Legal Newsline Report | Tuesday, Jun 20, 2023 @ 1:20pm

Coy Garrison, a partner at Steptoe and Johnson LLP and former counsel to U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, said in his testimony during a Congressional hearing on digital assets last week that blanket statements classifying most digital assets as securities or non-securities neglects the “complexity” of the question, which is at the heart of several ongoing lawsuits against cryptocurrency exchanges.
Binance responds to SEC’s request for emergency TRO: "There is no 'emergency' here"

By Andy Nghiem | Tuesday, Jun 13, 2023 @ 5:06pm

In response to the U.S. Securities and Exchange Commission’s (SEC) request for an emergency temporary restraining order (TRO), which would allow the regulator to freeze assets tied to Binance.US, Binance questioned how the situation could constitute an “emergency” when the company has been operating for years, and the SEC is not alleging that user funds are at risk.