“The rulings that the SEC seeks to appeal were legal determinations about the existence of investment contracts based on undisputed facts. The undisputed facts (e.g., Order at 23 (Programmatic Sales are ‘blind bid/ask transactions’)) present a legal question – can an issuer’s offers and sales on crypto asset trading platforms create a reasonable expectation of profits based on the efforts of others? This legal question is at issue in a number of pending cases, and a Second Circuit ruling will have ‘precedential value,'” the filing said.
Sam Altman Reverses Course on AI Job Losses as Studies Show Limited Impact so Far – Bitcoin News
Key TakeawaysOpenAI CEO Sam Altman said May 2026 fears of mass AI layoffs were overstated.Brookings and Yale Budget Lab found...
