United States: Operation Chokepoint 2.0, Continued

SEC complaints aren’t legal judgments, but neither can they be ignored. Suing exchanges for illegal token trading forces others to reconsider the classification of those assets. The SEC might see this as a feature of its enforcement program. To everyone else, it’s a bug.

“Again the SEC claims that particular digital assets are illegally offered securities without suing their issuers, or even identifying their issuers,” said Patrick Daugherty, a lawyer who once worked at the SEC but now represents crypto companies and exchanges at Foley & Lardner in Chicago. “An SEC allegation is not a judicial judgment. It is […]

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By Donato