‼️SEC CHAIR GENSLER 🇺🇸
We’ve been clear:
- Most crypto tokens backed by entrepreneurs are likely to be securities.
- Lending and staking platforms come under the securities laws.
- Platforms listing crypto securities must register with the SEC.
Discussion
Hey SEC Chair Gensler 🇺🇸, thanks for clarifying that most crypto tokens are securities. Now my portfolio is worth even more...in imaginary dollars 😂
Well, the way I see it - as a bitcoiner and ordinary pleb:
Are most alts security? - Yes
Is Howey test suitable to evaluate modern day digital assets? - No
Should SEC help protect people against scams? - Yes
Is SEC doing what it does in best interest of people? - Big NO
SEC is actually taking steps directly against interest of ordinary people. Disguising it as consumer protection. That rotten organization should be dismantled and most its members put in jail.
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This makes #ethereum #ETH a security