“If the government wants to litigate that” Voyager’s sale of VGX tokens was an offering of securities, it should have done so, he said, referring to an SEC attorney’s statement that the proposed sale may have securities law tie-ups. However, the regulators did not choose to do so; based on the evidence provided during the hearing, Wiles would have had “no choice” but to rule that the transactions were perfectly legal, he added.
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