CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

Coinbase Vs SEC: US SEC Requests Court To Consider Terra Ruling In Coinbase Suit

January 5, 2024
in Business, Coins, News, Regulation
A A
/ Freepik

/ Freepik

Dalintis FacebookDalintisShare on Twitter

The Terra lawsuit judge ruling in favor of the U.S. SEC was a major win for the securities regulator after multiple losses risking even its oversight power. The SEC now urging courts to consider the Terra ruling in Binance, Coinbase, and other lawsuits and announce orders in favor of the SEC highlighting that defendants have violated securities laws.

Coinbase Vs SEC: Files Terra Lawsuit Supplement Authority

Plaintiff U.S. Securities and Exchange Commission (SEC) has filed a notice of supplemental authority with the court, as per the latest filing with the court dated January 4. The SEC wants the court to consider ruling in SEC v. Terraform Labs in support of its opposition to Coinbase’s Motion for Judgment on the Pleadings.

The SEC cites “The Terraform court resolved in the SEC’s favor issues relevant to the consideration of Defendants’ motion in this case,” seeking judgment in its favor in the Coinbase lawsuit.

The SEC claims that the court in Terra case addressed the definition of “investment contract” to reject the defendants’ efforts to “cast aside decades of settled law” and that an investment contract doesn’t mean a contract, transaction, or scheme.

In addition, the court applied ‘Howey Test‘ to rule UST, LUNA, wLUNA, and MIR as investment contracts, therefore, are securities. SEC said it is relevant regarding Coinbase’s listing and offering unregistered securities to investors.

Furthermore, the court granted summary judgment to the SEC on its claim that defendants violated Section 5 of the Securities Act of 1933. The SEC seeks a similar summary judgment against Coinbase.

 

SEC Says Terra Ruling Relevant in Binance Lawsuit

CoinGape first reported that the U.S. SEC filed a notice of supplemental authority in the lawsuit against Binance, Binance.US, and Changpeng Zhao on January 3. The SEC argues Terra ruling is relevant in the case and can address the state to deny motions to dismiss the lawsuit.

The SEC also filed supplemental authority to consider the Binance-DOJ guilty plea and settlement. Binance and CZ hit back at SEC for bringing irrelevant and impermissible aspects in completely distinct case.

 

Source: Coinpage

Related

Renowned Analyst Predicts XRP Rally Following “Flawless” Chart Formation

August 18, 2025

Despite a sharp drop below the critical $3 support level on August 18, XRP may be poised for a strong...

Shiba Inu Eyes $0.000026 After 4.7 Million Token Burn and Shibarium Security Upgrade

August 17, 2025

At the time of writing, Shiba Inu is trading at $0.00001297, reflecting a 1.26 percent gain over the past 24...

Crypto Mining Under Fire in Iran’s Power Struggle

August 16, 2025

Iran is facing a deepening energy crisis that has sparked public outrage and widespread protests. Residents across the country are...

Bitcoin Mining Firm MARA Targets AI Expansion Through $168M EDF Acquisition

August 12, 2025

MARA Holdings Inc., a leading Bitcoin mining company, is set to acquire a 64% stake in Exaion, a high-performance computing...

Jeff Bezos’ Blue Origin Now Accepts Bitcoin for Space Travel.

August 11, 2025

In a major step forward for cryptocurrency adoption, Jeff Bezos’ space company Blue Origin has announced it will now accept...

News

Coins

TikTok Refutes Claims Its Owners Bought ‘Trump Coin’

June 20, 2025
Coins

Whales Accumulate 3.3M Pi in a Day Amid Declining Daily Unlocks

August 4, 2025
Blockchain

XRP Poised for Record High Following NYSE Arca’s Approval of UXRP ETF, Says Analyst

July 15, 2025
Reviews

Crypto Hype: Understanding the World of Memecoins

August 9, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI AI Browser Altcoin Android Binance Binance Coin Bitcoin blockchain BONK BTC Chainlink ChatGPT Circle Coinbase Coindesk crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Google Halving MARA Memecoin Meta Mining Mobile news OpenAI Pepecoin pi coin pi network Ripple Samsung SHIB Shiba Shiba Inu Solana Stablecoin technology vpn XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.