Three Ways To Have (A) More Interesting Exchange

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The SEC’s lawsuit against Binance alleges that it provided and bought unregistered securities as a part of its staking program. 78c(a)(55)) for the primary 30 days of buying and selling, if: (1) Such index wouldn't have been a slender-based mostly security index on each trading day of the previous 6 full calendar months with respect to a date no earlier than 30 days prior to the commencement of buying and selling of such contract; (2) On each buying and selling day of the previous 6 full calendar months with respect to a date no earlier than 30 days prior to the graduation of trading such contract: (i) Such index had more than 9 element securities; (ii) No element safety in such index comprised more than 30 % of the index's weighting; (iii) The 5 highest weighted component securities in such index did not comprise, within the aggregate, greater than 60 p.c of the index's weighting; and (iv) The greenback value of the buying and selling volume of the bottom weighted 25% of such index was not less than $50 million (or in the case of an index with 15 or extra component securities, $30 million); or (3) On every trading day of the previous 6 full calendar months, with respect to a date no earlier than 30 days prior to the commencement of buying and selling such contract: (i) Such index had at least 9 part securities; (ii) No part security in such index comprised more than 30 percent of the index's weighting; and (iii) Each element security in such index was: (A) Registered pursuant to Section 12 of the Act (15 U.S.C.


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