“In his ruling, U.S. District Judge Jed Rakoff of the Southern District of New York rejected Judge Torres’ distinction between institutional sales and sales to retail investors on crypto exchanges, which he characterized as a misinterpretation of the Howey test used to determine if an asset is a security,” analysts led by Mark Palmer wrote.
Bitcoin (BTC) Prices Could Hit Highs of $74K as Selling Pressure Eases, Traders Say
“Short-term Bitcoin holders are selling at basically zero profit and traders are depleting their unrealized profits in the last few...