“It’s about that common enterprise and that entrepreneurial effort which is the hallmark of investment contracts, which are securities. So I think that’s where we are, that most of the tokens meet the traditional standards that our Supreme Court has laid out, and that we, the SEC, have a role to help protect investors and instill and enhance trust in these markets,” he said. “They don’t just resemble securities, they are securities.”
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- Source: https://www.coindesk.com/policy/2023/08/12/us-senator-lummis-crypto-lobbyists-urge-court-to-dismiss-secs-coinbase-lawsuit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines