Summary
The SEC has had mixed success in court cases related to crypto, losing against Ripple and Grayscale but winning in an insider-trading case involving a former Coinbase employee where crypto assets were deemed unregistered securities.
Key Points
1. The SEC’s record of judgements in crypto matters is mixed, with wins and losses in various cases.
2. Recent rulings in disputes with Ripple and Grayscale have resulted in the approval of spot bitcoin exchange-traded funds.
3. A recent ruling in an insider-trading case involving a former Coinbase employee determined that the crypto assets in question were unregistered securities.