https://x.com/EleanorTerrett/status/1806899421407330722?"🚨NEW: Judge Jackson also says that a token’s nature can evolve over time and that even if a token started out as a security, doesn’t mean it always stays one.
She may be the first judge to officially address this?
"Insisting that an asset that was the subject of an alleged investment contract is itself a “security” as it moves forward in commerce and is bought and sold by private individuals on any number of exchanges, and is used in any number of ways over an indefinite period of time, marks a departure from the Howey framework that leaves the Court, the industry, and future buyers and sellers with no clear differentiating principle between tokens in the marketplace that are securities and tokens that aren’t.”"
https://x.com/CodyCarboneDC/status/1806894840765898801"Cody Carbone(C)
🚨🚨COURT RULES that just because a token was part of an investment contract in the past, it doesn't mean it should always be considered a security.
Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia providing the clarity the #crypto industry deserves on secondary sales of tokens. Take a look at her opinion tonight in SEC v. #Binance 👏
"Insisting that an asset that was the subject of an alleged investment contract is itself a “security” as it moves forward in commerce and is bought and sold by private individuals on any number of exchanges, and is used in any number of ways over an indefinite period of time, marks a departure from the Howey framework that leaves the Court, the industry, and future buyers and sellers with no clear differentiating principle between tokens in the marketplace that are securities and tokens that aren’t."
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Interesting practice, it looks like there will soon be many interesting precedents in the USA.
