{"id":2597,"date":"2024-09-13T22:23:36","date_gmt":"2024-09-13T22:23:36","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/sec-says-farewell-to-the-term-crypto-asset-securities\/"},"modified":"2024-09-13T22:23:36","modified_gmt":"2024-09-13T22:23:36","slug":"sec-says-farewell-to-the-term-crypto-asset-securities","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/sec-says-farewell-to-the-term-crypto-asset-securities\/","title":{"rendered":"SEC Says Farewell to the Term \u2018Crypto Asset Securities\u2019"},"content":{"rendered":"\n<div>\n<p>In a controversial move, the U.S. Securities and Exchange Commission\u00a0conceded in its motion for an amended lawsuit filed against Binance in a Washington, D.C., federal district court that the term \u201ccrypto asset securities\u201d does not refer to the \u201ccrypto asset itself as the security.\u201d<\/p>\n<p>Matthew Scarlato, an SEC trial attorney who penned the lawsuit, said the \u201cSEC has consistently maintained that since the very first crypto asset <em>Howey<\/em> case the SEC litigated, the term is shorthand,\u201d per the motion. \u201cNevertheless, to avoid any confusion, the PAC no longer uses the shorthand term, and the SEC regrets any confusion it may have invited in this regard.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a controversial move, the U.S. Securities and Exchange Commission\u00a0conceded in its motion for an amended lawsuit filed against Binance in a Washington, D.C., federal district court that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3420,878,3419,762,1644,1088],"class_list":["post-2597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-asset","tag-crypto","tag-farewell","tag-sec","tag-securities","tag-term"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=2597"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/2598"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=2597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=2597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=2597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}