Crypto.com v. SEC Is a Bold, 'Bet the Company' Case

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Aaron Brogan started Brogan Law, a boutique law firm that advises businesses and individuals in cryptocurrency.

Last week, you probably saw that the cryptocurrency exchange Crypto.com sued the SEC. Maybe you moved on with your day, orto see that the company is “seek declaratory and injunctive relief to prevent the Securities and Exchange Commission from unlawfully expanding its jurisdiction to cover secondary-market sales of certain network tokens.”by the SEC all the time, and none of these have moved the needle. Crypto.

First of all, the firm hired Noel Francisco, a former U.S. Solicitor General, to represent it. Former Solicitor Generals like Francisco and Uniswap’s counsel Don Verrilli represented the United States government in the Supreme Court. They are among the very best and most experienced appellate litigators in the country, and, one can safely guess, among the most expensive. You don’t hire Noel Francisco to posture. You hire Noel Francisco to go to war.from Florida to Tyler, Texas.

These actions can be very difficult to prosecute because of the related doctrines of “justiciability” and “ripeness” through which courts abstain from “.” Fundamentally, a declaratory judgment asks a court to determine rights in a forward-looking way, before a controversy arises, and courts prefer to wait for the controversy. Consensys justBut if it doesn’t, and the Wells notice Crypto.com received forms a sufficient basis for a declaratory action to proceed, Crypto.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Market Rebounds Despite SEC’s XRP Appeal as Crypto All-Stars ICO Continues to GrowCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »