A law firm suing the US Securities and Exchange Commission to obtain a declaration that the firm’s use of the cryptocurrency Ethereum doesn’t violate securities laws faced a doubtful Ninth Circuit panel on Thursday.
Hodl Law PLLC, which focuses its practice on digital assets and cryptocurrencies, sought to revive its lawsuit brought under the Declaratory Judgment Act, arguing that it had no choice but to bring the suit against the SEC out of fear of prosecution over the firm’s transactions on the Ethereum network.
But Judge Gabriel P. Sanchez of the US Court of Appeals for the Ninth Circuit appeared ...
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