The Ninth Circuit panel displayed skepticism on Thursday regarding a law firm’s attempt to secure a judgment that its usage of the cryptocurrency ether does not violate securities laws. The judges questioned whether the firm had adequately demonstrated that it faces a substantial threat from the U.S. Securities and Exchange Commission (SEC) to maintain its lawsuit against the regulatory body. This case is a notable attempt to clarify the regulatory landscape around digital assets, particularly ether, which has seen significant interest from both the financial and legal sectors.
For further details, the discussion is documented in an article from Law360.