• Elon Musk and Dogecoin co-creator Billy Markus question the SEC's stance that cryptocurrencies lack "innate or inherent value."
• The SEC's argument against Coinbase extends beyond the "Howey Test," emphasizing the flexible interpretation of federal securities laws.
• The SEC is also in a separate legal dispute with Elon Musk over his Twitter stock acquisition, adding another layer to the agency's scrutiny of high-profile tech figures.

A spirited exchange on social media between Dogecoin co-creator Billy Markus and Tesla CEO Elon Musk has reignited discussions about the intrinsic value of cryptocurrencies. The dialogue, which unfolded on October 9, 2023, comes in the wake of a contentious claim by the U.S. Securities and Exchange Commission (SEC) that digital currencies lack "innate or inherent value." Critiquing the regulator, the dogecoin co-founder wrote on X,Billy Markus, also known by his online pseudonym Shibetoshi Nakamoto, took to social media to challenge the SEC's position. His post, which questioned the agency's logic given the taxes he's paid on cryptocurrency, quickly gained traction and became a focal point of discussion.

Elon Musk also weighed in on the issue, questioning the SEC's logic. He asked, "It’s real if you have to pay taxes, but otherwise not real?".

This public discourse serves as a backdrop to the SEC's ongoing legal battle with Coinbase, one of the leading cryptocurrency exchanges. The SEC has argued that cryptocurrencies should be considered securities, invoking not only the 'Howey Test,' a legal framework used to determine what constitutes an investment contract, but also emphasizing that federal securities laws are designed to be interpreted flexibly.

Read full article at CryptoTale.

馬斯克(Elon Musk) 和狗狗幣聯合創始人比利馬庫斯(Billy Markus) 質疑SEC 關於加密貨幣缺乏「先天或內在價值」的立場。SEC 反對Coinbase 的論點超出了「Howey測試」範圍，強調了對聯邦證券法的靈活解釋。SEC 還與埃隆·馬斯克就Twitter 股票收購案發生的另一起法律糾紛，使該機構對知名科技人物的審查又增加了一層。狗狗幣聯合創始人比利·馬庫斯和特斯拉首席執行官埃隆·馬斯克在社交媒體上進行了激烈的交流，重新引發了有關該公司的討論。加密貨幣的內在價值。此次對話於 2023 年 10 月 9 日展開，此前美國證券交易委員會 (SEC) 聲稱數位貨幣缺乏“固有的或固有的價值”，這一說法頗具爭議。這位狗狗幣聯合創始人在 X 上寫道，批評監管機構的比利·馬庫斯（Billy Markus）（他的網絡筆名 Shibetoshi Nakamoto）在社交媒體上挑戰了 SEC 的立場。鑑於他為加密貨幣繳納的稅款，他的帖子質疑了該機構的邏輯，很快就引起了關注並成為討論的焦點。埃隆·馬斯克也對這個問題發表了意見，質疑 SEC 的邏輯。他問道：「如果你必須繳稅，那就是真的，但其他方面就不是真的了？」。這場公開言論是SEC 與領先的加密貨幣交易所之一Coinbase 正在進行的法律鬥爭的背景。美國證券交易委員會認為，加密貨幣應被視為證券，不僅援引了「Howey Test」（一種用於確定投資合約構成的法律框架），而且還強調聯邦證券法旨在靈活解釋。閱讀全文加密故事。