Since the United States Securities and Exchange Commission (SEC) published a memo christening as many as nine different tokens listed on Coinbase Global Inc as securities, the entire industry has seen a polarising discourse about the take of industry leaders on the subject.
FTX co-founder and Chief Executive Officer Sam Bankman-Fried has shared his take on this and taking to Twitter, and he said some tokens could be classified as securities and those that are not.
Designating a token as security requires the issuers to register it with the SEC; legal obligations are attached to it. In the digital currency ecosystem nowadays, a number of blockchain startups present themselves as a decentralised entity when in reality, a particular firm is in charge of the issuance and administration of the tokens.
The SEC has taken a stance against this position but has not yet given clarity as regards how crypto firms can define if their token is a security or not. The commission and blockchain...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...