Federal Judge: SEC Adequately Claims Crypto Loan Program Is ‘Investment Agreement’

(March 14, 2024, 1:32 PM EDT) -- NEW YORK — A federal judge in New York on March 13 denied a pair of motions to dismiss filed by two companies the Securities and Exchange Commission accused of violating securities laws through a program allowing individuals to invest crypto assets in exchange for interest, finding that the SEC adequately alleged that the program was an investment contract....