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What makes a crypto asset a security in the US?
Determining whether digital tokens are securities will be central to the high-stakes case brought by U.S. regulators alleging crypto platform Coinbase violated the law by failing to register as a securities exchange, broker and clearing agency. What is the SEC Alleging? The Securities and Exchange Commission (SEC) sued Coinbase on Tuesday in Manhattan federal court and accused the largest U.S. cryptocurrency platform of operating illegally by evading disclosure requirements. The SEC said Coinbase allowed users to trade at least 13 crypto assets that should have been registered as securities, including tokens such as ... (full story)