Posted 1/5/2024, 7:00:00 PM
SEC Cites Terraform Win to Bolster Cases Against Coinbase and Binance
- U.S. SEC won recent case against Terraform Labs, argues this should help its disputes with Coinbase and Binance over trading unregistered securities
- SEC filing claims Terraform court "resolved in the SEC’s favor issues relevant" to Coinbase and Binance cases
- Judge said Terraform case "asks this court to cast aside decades of settled law," but he sided with SEC that UST, LUNA and MIR tokens were unregistered securities
- Other judges may not see Terraform case the same way in Coinbase and Binance disputes
- Appeals courts and Supreme Court will likely ultimately decide if crypto assets are securities over years of legal battles