• 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.

埃隆·马斯克 (Elon Musk) 和狗狗币联合创始人比利·马库斯 (Billy Markus) 质疑 SEC 关于加密货币缺乏“先天或内在价值”的立场。SEC 反对 Coinbase 的论点超出了“Howey 测试”范围，强调了对联邦证券法的灵活解释。SEC 还与埃隆·马斯克就 Twitter 股票收购案发生的另一起法律纠纷，使该机构对知名科技人物的审查又增加了一层。 狗狗币联合创始人比利·马库斯和特斯拉首席执行官埃隆·马斯克在社交媒体上进行了激烈的交流，重新引发了有关该公司的讨论。加密货币的内在价值。此次对话于 2023 年 10 月 9 日展开，此前美国证券交易委员会 (SEC) 声称数字货币缺乏“固有的或固有的价值”，这一说法颇具争议。这位狗狗币联合创始人在 X 上写道，批评监管机构的比利·马库斯（Billy Markus）（他的网络笔名 Shibetoshi Nakamoto）在社交媒体上挑战了 SEC 的立场。鉴于他为加密货币缴纳的税款，他的帖子质疑了该机构的逻辑，很快就引起了关注并成为讨论的焦点。埃隆·马斯克也对这个问题发表了意见，质疑 SEC 的逻辑。他问道：“如果你必须缴税，那就是真的，但其他方面就不是真的了？”。这一公开言论是 SEC 与领先的加密货币交易所之一 Coinbase 正在进行的法律斗争的背景。美国证券交易委员会认为，加密货币应被视为证券，不仅援引了“Howey Test”（一种用于确定投资合同构成的法律框架），而且还强调联邦证券法旨在灵活解释。阅读全文加密故事。