Binance vs SEC: A Sequel

 

As part of the trial, a leisurely dispute between the SEC and Binance continues. The discussion is being conducted in correspondence, the SEC voiced its concerns, Binance responded, the SEC in turn responded to the response.

 

It must be said that in addition to legal arguments the parties use colorful artistic descriptions and comparisons.

 

I remind you, the commission is accusing the crypto exchange of illegal trading in securities. In response, the exchange no less traditionally responds that cryptocurrencies are not securities, and, therefore, there are no violations.

 

Both parties refer to the Howie test, interpreting it in their favor. Binance artistically states that in terms of stock transactions, securities are no different from oranges or baseball cards, they are just ordinary commodities. The SEC of course objects.

 

All these artistic developments are designed to impress a judge who may not be an expert in cryptocurrencies. That is why clear epithets and comparisons are selected.

 

Leaving aside the artistic part, the arguments of the parties remained the same. And here the formal advantage is Binance. The SEC has already lost similar cases against Coinbase and Ripple, and should therefore look for new arguments.

 

#Binance #SEC #artisticinterpretations