A law firm that uses the Ethereum Network blockchain platform can’t sue the SEC over its failure to provide guidance on the legality of unregistered cryptocurrency transactions, a federal court ruled.
The very uncertainty about whether the Securities and Exchange Commission will conduct an enforcement action against Hodl Law PLLC means the dispute is too speculative for it to have standing to sue, Judge M. James Lorenz said July 28 for the US District Court for the Southern District of California.
At the heart of the suit is one of the biggest issues in cryptocurrency law—whether the SEC can treat ...
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