Kristoffer Krohn, the promoter of Green United, is seeking to appeal his involvement in an $18 million crypto mining fraud case. He argues that the United States Securities and Exchange Commission (SEC) should drop the lawsuit as their claim of selling securities is incorrect. Krohn believes that the Tenth Circuit Appeals Court should determine if purchasing the company's equipment constituted joining a 'common enterprise,' a key point in the SEC's allegations of selling investment contracts. The SEC has been targeting various crypto firms for selling unregistered securities under the Howey test. Krohn's appeal challenges the SEC's application of this test and questions the definition of an investment contract in the crypto industry. If successful, Krohn could present his case before a three-judge appeals panel, a process that may take several months. The legal battle between the SEC and crypto entities continues to intensify. Read more AI-generated news on: https://app.chaingpt.org/news

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