Binance, Coinbase Jump Into One of Today’s Hottest Legal Debates

In this edition of the Bloomberg Crypto newsletter, Elijah Nicholson-Messmer weighs in on how digital-asset exchanges fit into the Supreme Court’s “major questions doctrine.”

Cryptocurrency exchanges have inserted themselves into the middle of one of the most-important legal debates of the day.

Binance Holdings Ltd. faced off with the Securities and Exchange Commission in court on Monday over its motion to dismiss the agency’s suit that accuses the exchange of breaking securities rules and an assortment of other alleged malfeasances.