The nonprofit has filed a brief in support of the SEC's appeal against the enterprise blockchain company
The filing says that the non-profit has"a strong interest" in this case after the definition of"an investment contract" has been dramatically narrowed by the district court, with a number of cryptocurrency offerings being removed.
As reported by U.Today, Better Markets CEO Dennis Kelleher previously stated that the SEC had a 90% chance of winning its appeal. "It's the only industry that I can think of ever better has taken the position that no laws apply to them. The security laws don't apply, the commodity laws don't apply. And they're basically saying to prosecutors and regulators, catch me if you can," he said.
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