Things that are NOT securities and will survive the SEC crackdown:
Bitcoin
Litecoin
Monero
...and I hate to say it, but DOGE as well.
None of these can satisfy all four prongs of the Howey test.
Things that are NOT securities and will survive the SEC crackdown:
Bitcoin
Litecoin
Monero
...and I hate to say it, but DOGE as well.
None of these can satisfy all four prongs of the Howey test.
Stables all have an underlying asset: USD.
Not sure if they'll fall under the purview of the SEC or CFTC, but they're going to get regulated. They may get regulated right out of existence.
Litecoin survives because it is basically a Bitcoin testnet.
Monero because it's more anonymous than Bitcoin.
Dogecoin because who gives a shit.
The SEC is a scam. Nobody respects it.
The SEC is the anti-scam. Scammers have been finding novel ways to shill unlicensed securities for a century. That's why the Howey test is so broad. The technology might be new, but the game is the same old game. The SEC was slow to act on crypto, but now the other shoe drops.
Do a bit of research. The SEC needs to end.
Best thing is if your crypto was truly decentralized and unstoppable it wouldn't matter either way what the SEC does #Monero