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Re:Coinbase Sued by SEC for Breaking US Securities Rules by adsfgiodsnrio on Wednesday June 07, 2023 @05:02PM (#36233511)
>Congress, not the SEC should be defining what a security (or commodity etc) is.

It's defined by the courts. The Howey Test, which is the modern definition of a security, was drafted by the Supreme Court in 1946.

>Especially as they were so cool with everything pre-FTX...

The feds move slowly. If they are bringing a case now, they've been working on it for years.

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