Is This Finally an Atomic Bomb From the SEC?

“Who can define what is a security? The Congress, of course, the SEC or the courts,” Caroline Pham, a commissioner at the Commodity Futures Trading Commission (CFTC), said this week at a crypto event in Washington. “And out of those three tracks, I think you see courts moving the fastest,” observed the commissioner, whose agency is in contention as a possible leading watchdog for crypto trading.