CRYPTO Is Now A Security: What Does It Mean For You?!
Hey Guys,
We all know that the SEC seems to be waging an all-out war against crypto. However, the actions that they took last week against Coinbase have upped the stakes even more than one could have expected.
That's because they sent Coinbase a Well's notice telling them they plan to sue them for listing "unregistered securities". The only problem is that the SEC didn't tell them which assets they were specifically referring to.
Quite simply, the SEC was asking Coinbase to respond to a letter accusing them of breaking the law, without telling them which laws they were breaking. Crazy!
This also got me thinking: What are the implications of a cryptocurrency being labelled an "unregistered security"?
What does this practically mean for the project in question? And if there are so many risks to being an "unregistered" security, why don't projects just go through the process of registering their tokens?
Well, that's exactly what I will be covering in my video today. Enjoy!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Coinbase Blog: https://www.coinbase.com/blog/we-aske...
► Earn rewards with Coinbase: https://help.coinbase.com/en/coinbase...
► Coinbase moves to on-chain staking for Tezos, Cosmos, Solana, and Cardano: https://cryptoslate.com/coinbase-move...
► Gensler Suggests Again That Proof-of-Stake Tokens Are Securities: https://www.coindesk.com/policy/2023/...
► Coinbase Gets SEC Notice: https://www.bloomberg.com/news/articl...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
