<ul><li>The Securities and Exchange Commission (SEC) is facing criticism from a federal judge over its refusal to provide clear definitions and explanations about Bitcoin (BTC) and Ethereum (ETH).</li><li>The ongoing trial between Coinbase and the SEC has revealed the SEC's lack of clarity regarding its policies and positions related to cryptocurrencies.</li><li>One judge questioned the SEC's inability to explain how the Howey Test applies to Bitcoin and Ether, suggesting a lack of concrete guidelines for policing cryptocurrencies.</li><li>The SEC has been accused of pursuing enforcement actions without proper rulemaking, potentially stifling innovation in the crypto industry.</li></ul>

US Federal Judge Grills SEC Over Refusal to Define Simple Questions About BTC, ETH

Discover more