D.C. Circuit reverses SEC ruling on SPIKES futures, calls it “arbitrary and capricious” Post author:MiamiCrypto Post published:July 29, 2023 Post category:Court / SEC / United States The decision relates to an SEC order from 2020 exempting SPIKES Index from the definition of securities futures. You Might Also Like SEC Chair Unveils Crypto Framework to Separate Securities From Collectibles November 16, 2025 Crypto bank Custodia sues the Fed over 19 month delay on account approval June 8, 2022 Senator Lummis Thanks God for Bitcoin as the US Raises Debt Ceiling October 17, 2021