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Former SEC Chairperson: The burden of proof always lies with the SEC to prove that a product is a security
John Reed Stark, a former SEC chairperson, says the burden of proof is always on the SEC to prove that a product is a security. As far as I know, judges only ask the SEC to prove that people who buy Binance products are "investors" who buy Binance products because they want prices to go up, not "customers" who buy Binance products because the products offer some utility (such as a trading discount). According to the judge...
2024-06-29 22:41:46
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