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U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes

The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is right about platforms like Coinbase and Binance trading unregistered securities. While the SEC has suffered a number of setbacks in its crypto court cases, such as in its lawsuit against Ripple and in Grayscale Investments' success challenging the agency's spot bitcoin exchange traded fund (ETF) application rejection, the regulator chalked up a victory last week in its contention.


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