The wild west of crypto, as we know it, is coming to an end.
The majority of crypto can be classified as securities for the sole reason that most people expect some sort of return on their initial investment in the coin. Because the concept of a “security” from US Congress is quite broad, most people buying crypto are technically making an investment in a security.
These are not laundromat tokens: Promoters are marketing and the investing public is buying most of these tokens, touting or anticipating profits based on the efforts of others. —nftize app i created a while ago — example of an app that would benefit from thisIt’s the nail in the coffin for legitimising this tech, as contradicting as that sounds.
It’s not about whether you set up a legal entity as a nonprofit and funded it with tokens. It’s not whether you rely on open-source software or can use a token within some smart contract. —What this does is legitimises not only the usage of regulated digital currency but also the technology behind it. This means that now big tech can start getting involved in streamlining some of this technology.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SEC Boss Asks Staff to Work with Token IssuersGary Gensler wants cryptocurrency intermediaries to register with both SEC and CFTC to ensure investor protection
Weiterlesen »
Gensler: Multiple crypto regulators could ‘undermine’ securities rulesSecurities and Exchange Commission Chair Gary Gensler appeared before a key Senate committee on Thursday.
Weiterlesen »
SEC to recommend 'flexible' pathway for token registration: GenslerGary Gensler, chairman of the Securities and Exchange Commission, wants
Weiterlesen »
Ethereum could face SEC scrutiny after The Merge: WSJExchanges that offer staking services look 'very similar' to lending, SEC Chair Gary Gensler said on Thursday.
Weiterlesen »
SEC chair Gensler holds tight to his crypto position in preview of Senate testimonySEC chair Gary Gensler will largely reiterate his current position in a Senate hearing that is times to coincide with another hearing that may impact his agency.
Weiterlesen »
U.S. Senate to grill SEC's Gensler over climate, China and cryptoAn aggressive regulator is critical to maintaining the United States as the 'gold standard' for capital markets, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler will tell the U.S. Senate Banking Committee on Thursday.
Weiterlesen »