SEC Blasts ‘Absurd’ Arguments From Crypto Platform, Says Case Should Proceed

(November 10, 2023, 2:50 PM EST) -- WASHINGTON, D.C. — A cryptocurrency platform is attempting to tear down decades of precedent on securities laws to avoid repercussions for operating as an unlicensed security and misconstrues a longstanding securities precedent in support of its claims, the Securities and Exchange Commission says in a memorandum in opposition to the platform’s motion to dismiss the commission’s complaint against it filed in a federal court in the District of Columbia....