As a europoor, what is this security bullshit that I'm seeing? Explain to me what it means, because I do not understand. How will this impact the market? Why must the USA ruin everything it touches?
WHAT THE FUCK ARE SECURITIES? ??
Evan Jones
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Jaxon Foster
fuck off shit with this shit tier paid fudding
Chase Kelly
Securities are financial instruments designed to make you money, the SEC doesn't like when people make money and especially it doesn't like when neets and wagecucks get to buy it cheap (ICO) and make even more money as opposed to how it is in stocks for example where plebs can only buy after the IPO at a huge premium and hold heavy bags making accredited investors rich
So shortly speaking, everything that is registered in the US and had an ico? shut down, everything that's listed on american exchanges? delisted and exchanges in trouble, a project sold tokens to americans? deep trouble
with some exception for pure currency shitcoins like nano, doge etc
Lincoln Hall
>implying
I just saw multiple threads about it and it made me confused, hoping to clear the confusion with this thread. So it was all FUD? America isn't turning ICOs into securities? Also if they would have done, what would it mean?
What exactly is a security?
Adam Cox
Holy fuck, is this real? When will this happen? Has it just been announced that it will happen in the future or did they just pass the law without notice? Fucking hell
Ian Phillips
Nope it's real. They do it under the reason "we want to protect poor people from losing their money" which is bullshit. It is "regulated" so the rich can get in on the ground floor first. You need to have a couple of million in your bank account to become an accredited investor.
Easton Russell
>What is fucking Google
Jason Jenkins
it's nothing new, the SEC chairman has been bitching about it for months but looks like people are starting to wake up after today's coinbase tweet
Sebastian Garcia
>>In the United States, a security is a tradable financial asset of any kind. Securities are broadly categorized into:
>>debt securities (e.g., banknotes, bonds and debentures)
>>equity securities (e.g., common stocks)
>>derivatives (e.g., forwards, futures, options, and swaps).
The SEC has decided that tokens fall into the "derivatives" category. That opens the door to a lot of regulations governing what they can and cannot be as well as well as standards for offering them to protect investors from getting scammed. It's something that Coinbase has pushed hard for in order to convince institutional money that crypto is safe.
Josiah Gomez
What the fuck, you've got to be shitting me, does that mean burgers will be dropping their bags? Won't that cause a massive crash? Fuck. Fuck. Fuck.
ETH isn't safe right? What's a list of safe coins? BTC, LTC, is NEO safe?
This is fucking inconvenient as fuck, LINK isn't safe right?
Jesus Christ, what are some safe coins my biggest bags are ETH, LINK and NEO.
I'm lying in my bed ready to sleep, just made a last scroll through biz and saw this bullshit.