According to the source, Paul S. Atkins reportedly outlined which crypto tokens he views as securities, a determination guided by the Howey test and the SEC’s digital asset framework; traders should ground decisions in official SEC guidance and court records rather than commentary. source: user-provided social post; SEC FinHub Framework for Investment Contract Analysis of Digital Assets, 2019; SEC v. W.J. Howey Co., 1946 Tokens already alleged by the SEC to be unregistered securities include SOL, ADA, and MATIC, among others, in its complaints against Binance and Coinbase, which is directly relevant for listing and liquidity risk. source: U.S. SEC v. Binance Holdings Ltd., No. 1:23-cv-01599, filed June 5, 2023; U.S. SEC v. Coinbase, Inc., No. 1:23-cv-04738, filed June 6, 2023 Such allegations have preceded U.S. platform support changes and delistings, which can fragment liquidity and widen spreads for the named tokens. source: Robinhood Markets asset support update announcing end of support for SOL, ADA, MATIC in June 2023; SEC complaints cited above Court outcomes remain mixed, as seen in SEC v. Ripple where institutional XRP sales were deemed securities offerings while programmatic exchange sales were not, creating token-specific precedents that affect venue risk and secondary-market exposure. source: SEC v. Ripple Labs Inc., No. 1:20-cv-10832, summary judgment issued July 13, 2023 Notably, BTC and ETH were not alleged as securities in the 2023 SEC complaints against Binance and Coinbase, so traders often evaluate BTC and ETH pairs as alternative risk venues during altcoin regulatory headlines. source: U.S. SEC v. Binance Holdings Ltd., June 5, 2023; U.S. SEC v. Coinbase, Inc., June 6, 2023

According to @iampaulgrewal, Federal Rule of Criminal Procedure 18 does not sufficiently account for the public interest, and a case centered on protecting the integrity of the game should have been filed in the Northern District of Ohio’s Eastern Division rather than in Brooklyn (EDNY). Source: https://twitter.com/iampaulgrewal/status/1987681256172085286 Rule 18 requires the government to prosecute in a district where the offense was committed and directs courts to set the trial location with due regard for the convenience of the defendant, any victim, witnesses, and the prompt administration of justice. Source: https://www.law.cornell.edu/rules/frcrmp/rule_18 The Northern District of Ohio has an Eastern Division that includes Cleveland and Akron, while Brooklyn is served by the Eastern District of New York, highlighting the venue distinction at issue. Sources: https://www.ohnd.uscourts.gov/locations, https://www.nyed.uscourts.gov For traders, venue selection can shape enforcement dynamics in finance- and gambling-related matters; recent crypto litigation has similarly concentrated in New York, such as the SEC’s case against Coinbase filed in the Southern District of New York, reinforcing how venue can influence legal trajectory and headline risk assessments. Source: https://www.sec.gov/news/press-release/2023-102 Coinbase’s SEC filings caution that regulatory and legal proceedings may materially impact its business and stock price, underscoring why monitoring venue disputes is relevant for positioning in crypto-exposed equities. Source: https://www.sec.gov/ixviewer/doc?action=display&source=content&source_location=0&document_id=0001628280-24-006233