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Another victory over the SEC... but perhaps the SEC does not yet know While the entire crypto community was enthusiastically celebrating Grayscale’s victory over the SEC, New York court has issued a decision that could have even stronger impact on the global crypto business. The regulator wasn’t directly involved in the process - that’s probably why it went unnoticed. But look what happened! Yes, the SEC is not a party to the case, but it has suffered a crushing defeat! At first, the commission was not in trouble. Several private investors complained to the court about the decentralized crypto exchange Uniswap. Investors complained that they bought scam tokens and lost money in the Uniswap’s liquidity pool. Referring to the American legislation on securities, they have demanded damages. It was at that moment the shadow of the SEC appeared. The fact is that the plaintiffs largely repeated the SEC’s reasoning regarding cryptocurrency transactions: respondents are r...
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