One lawsuit recognizing that one of the crypto projects is an unregistered security is enough. And all those projects who did Token Sales - ICO, IDO, IEO and other, did fundraising and sold tokens to funds, did airdrops, token burning - this is all a big problem for crypto projects by the SEC(The United States Securities and Exchange Commission) Bitcoin and all bitcoin forks are commodities. TSX:XCH is a commodity And all the other projects DYOR doing their own research.
Regulation is coming
Best Regards EXCAVO
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SEC Names Crypto Assets It Considers Securities 🧐
Applying the criteria of the "Howie test" to the cryptocurrency market, the SEC concluded that 37 tokens meet the definition of securities. This means that one must comply with securities laws when interacting with them.
Securities tokens:
XRP Telegram Gram Token LBRY Credits Decentraland 🤦♂️ DASH Power Ledger OmiseGo Algorand 🤦♂️ Naga TokenCard IHT Real Estate Kik / Kin Salt Lending Beaxy Token DragonChain Tron BitTorrent Terra USD 😂 Luna 😂 Mirror Protocol mAssets Mirror Protocol Mango Ducat Locke EthereumMax Hydro BitConnect 😂😂😂 Meta 1 Coin Rally DerivaDAO XYO Network Rari Liechtenstein Cryptoasset Exchange DFX Finance Kromatica FlexaCoin Filecoin 🤷♂️
The prospects for these projects: at least fines, at most - delisting from major exchanges, the courts, the return of money to investors + penalties.
Can you name for us names of alts that would survive the regulations and sec ?
investor_parblo
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Interesting question.
geekpe
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@mrlegendaryyy, 99% of the alts are unreguleted securities used to "get money" of moonboys to develop your projects real,scam,vaporware only btc not is a securiy ...(the real)
@mrlegendaryyy, Does it have a CEO or governing body? Then its probably going to be regulated
Dtrader2020
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The sec can BURN. It's corrupt AF and into the banker / feds pockets. Take down the fed!
CBKWahoo
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These are all deliberate attacks on crypto from the SEC and all part of their plans in an effort gain and hold full control over the new monetary system thats being rolled out. Projects like XRP, XLM and others with similar functionality that have been programmed with speed, scalability and cost efficiency to transfer and exchange any currency are already the rails and coins that are going to skyrocket this cycle.
EXCAVO
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@CBKWahoo, you mean all the projects from ISO 20022 will go to skyrocket this cycle?