Gold, silver and fine art can garner value, but that doesn’t mean that selling them constitutes a security, Paradigm wrote in an amicus brief.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Crypto venture capital firm Paradigm accused the Securities and Exchange Commission of"circumventing the rulemaking process" in a brief filed in the agency's ongoing case against Binance.
The SEC sued Binance in June over multiple alledged violations of securities laws, including not being registered as an exchange, broker-dealer or a clearing agency. Paradigm noted that Binance was one of many cases the SEC has brought against crypto exchanges recently, and said the SEC's stance"would upendThe agency often relies on the Howey Test,