Crypto Platform Claims SEC Fails To Meet Howey Standard In Crypto Fraud Suit

(September 29, 2023, 9:21 AM EDT) -- WASHINGTON, D.C. — A cryptocurrency platform and its U.S. subsidiary filed motions in a federal court in the District of Columbia to dismiss a complaint filed against them by the Securities and Exchange Commission, arguing that the SEC fails to show that the cryptocurrency sales were made with an investment contract, as required by a long-standing test to determine if a product is a security....

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