Federal Judge: Some Crypto Tokens, But Not All, In SEC Suit Count As Securities

( July 2, 2024, 12:45 PM EDT) -- WASHINGTON, D.C. — An enforcement action brought by the Securities and Exchange Commission against a cryptocurrency firm, its CEO and related entities largely survived a motion to dismiss, but a federal judge in the District of Columbia ruled that the commission failed to show how a “stable coin” offered by the company functioned as a security....