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
Other urls found in this thread:
cointelegraph.com
twitter.com
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.
Brandon Thomas
the only safe coins (for sure) are pure currency shitcoins that aren't design to go up in value
if something has
>token burn
>holding incentive
>dividends
>masternodes
>staking
>etc
it's a big NO NO in the SEC's eyes, if something has "juicy token economics" it's probably too good for wagecucks and neets.
BTC is the safest thing for burgers at the moment
Christian Gomez
Tokens that already had their ICOs will be excluded, retard.
Jaxon White
Nope not true...Unless the ICO was before 1933 yes...
Jonathan Stewart
Wait is this true? Does this new proposal only make future ICOs securities? So all the current coins are safe?
John Myers
no
no
no
Aaron Perry
Post a source you manipulating fuck
Ian Brown
that's your wishful thinking, and you better have some proofs to back that statement and calling me names
Listen to Clayton, he doesn't care what the project does or when it ICOd they all broke and are breaking the law in his kike eyes, just because they haven't crack down on all of them yet is because there is no rush for them, they are slowly collecting proofs, sending subpoeans (since months) etc, and you think they will just say
>heh ok, let's let them go
it's either all legal or it isn't in their eyes, there is no middle ground here. Clayton doesn't give a fuck about crypto market, he is interested in security business and he's said many times that eveyr ico he's seen is a security and the creators broke the law.
Plain and simple.
It's like saying that we only ban drugs produced from tomorrow but all the guns that are already in people's hands are completely fine
this
doesn't matter when. ICO=security in their jew eyes.
Look up Howe test you manipulating fuck
Blake Campbell
The fucking law was made in 1933 so all ico tokens did not follow the US laws....
Colton Smith
guns not drugs*
Howey test*
Grayson Long
Lmao. Neo gives you dividends. Would dump it asap.
Adam Lewis
this is honestly scaring the living fuck out of me.
what the fuck are we supposed to do?
Cameron Bennett
So dragonchain is fucked?
Dominic Martin
ohh shit...eos also give incentives/ you can loan it. time to dump it?
Adam Nelson
Buy non ICO's coins and tokens
Jason Peterson
ofcourse. they are first one in line to get fuccked
Hunter Gomez
Fucking hell, why are all these people happy in this thread: Are they not seeing the bigger picture or do they think it will be good in the long term? wat da fuk mane
John Edwards
Samuel Myers
retard, every fuccking ico registered in swiss or some other country. how sec gonna apply laws to the companies that reg in other countries ? wake up kid .
Cameron Turner
This is how I know TRTL is going to make it
Ian Parker
Fuck me man... that pic hit me right in the feels. Truth.
Julian Johnson
I would drop drgn, they are registered in Seattle + it's a shitcoin honestly, what they have going for them? it was supposed to be an ico incubator but I will grow a cactus on my hand before they are able to legally run any icos
don't hold coins registered in the US, don't hold coins listed on burger exchanges (they will have to be delisted probably)
Honestly if you want to be super safe just hold btc to weather the storm
average crypto trader has no idea about the regulatory stuff, they think it's bullish because the SEC sees shitcoins on the same level as stocks lol
not every ico, and even those that aren't registered in the US could face troubles because they listed their tokens on exchanges that allow burgers, it's all a long chain of things to go after if they really want to, retard
Elijah Gomez
you are not happy if you are holding a shitcoin it's that simple, i'm quite happy :)
Elijah Smith
nope since money man dan covered his bases it's not a security :^)
Kevin Hall
>not every ico, and even those that aren't registered in the US could face troubles because they listed their tokens on exchanges that allow burgers, it's all a long chain of things to go after if they really want to, retard
so tell me what is safest bets now. name 5 coins. otherwise fuck off. you acting like a attorney to scare crypto noobs while you are not, and your assumption are bullshit.
Jose Gonzalez
what's the consequence for those holding the coins, other than a potential loss of price. As in, suffer the dip but maybe hope for a brighter future? Would that be viable?
Jeremiah Harris
I dont really get this, you will be able to trade them indefinitely on DEX'es, since theres nothing that could stop a dex except taking down the entirety of ethereum for example, what the actual shit are they gonna do?
They could try and scan wallets of burgers or something I guess. They can pressure every centralized entity.
But they cant actually eradicate these things?
I guess to put my concern simply: What is the actual consequence of this supposed to look like?
Anthony Jackson
>I guess to put my concern simply: What is the actual consequence of this supposed to look like?
this is the order they ass fuck
> few ico founders
> few bart and manipulators
first they go after these two, throw in jail to show example. rest they wont do much
Easton Scott
like I said pure currency shitcoins, but I wouldn't touch any of them besides btc, or a slightly less safe approach but still better - coins registered outside the us, listed only on binance and other foreign exchanges (so no sudden delisting to dump the price)
>I dont really get this, you will be able to trade them indefinitely on DEX'es, since theres nothing that could stop a dex except taking down the entirety of ethereum for example, what the actual shit are they gonna do?
right, they cannot do anything about you trading shitcoins on dexs or Kucoin, but they can easily make the "can't cash out" meme very real very quick, when you finally make it and want to sell 100 bitcoins that you made flipping shitcoins that are illegal in the US they will simply accuse you of securities fraud/money laundering etc, so that money will be as good as money that you stole from somewhere or earned through drug dealing = keeping it under the mattress unable to make any big purchases ever.
Grayson Green
>what is this security bullshit that I'm seeing?
Connor Green
Im glad I dont live in the US then because I dont want to be missing out
Lets see if this gets challenged, it seems like a dangerously one dimensional ruling
Owen Parker
Fuck. Can you give me a straight answer for my $50k locked in an ICO ATM. Burgers and China not allowed to participate. Operating in Gibraltar. Not listed on an exchange for another 50 days. Doubtful will hit USA exchange. Has KYC. ERC20 token.
>Darico.io
Are my funds safu????
Wyatt Watson
What about Nuls? There was no ICO but you can stake and be paid in Nuls? Also registered in Singapore and only on Asian exchanges.
Ryder Nelson
How are they going to regulate decentralized exchanges.
Jace Young
They just gonna make it illegal, like torrents maybe. If you seed (host an exchange node) you're gonna get lynched. ISPs are gonna send you warning letters when they see you're on exchanges and stuff, eventually trump will build a great internet wall and you'll only be allowed to visit the top 200 websites, unless you're 'accredited'
Cooper Bailey
im crying
Ethan Turner
Can someone give me a serious reply on what would happen if we as unaccredited investors suddenly have all these securities?
Jayden Bennett
So Jow Forums, do we finally make the Holocaust real this time?
Caleb Moore
Thoughts on Polymath? Currently Rank 81 CMC
>"Polymath enables trillions of dollars of securities to migrate to the blockchain."
Justin Murphy
>cointelegraph.com
you continue trading them on binance.
Aiden Green
Hi frens lemma explain u what is a security okay? A security is a though guy and sometimes girls haha that keep crooks away so u are save. so now the mony market has cool bald guys who watch ur cash so ur safe. people of the world say hey i trust criptos now again and will say buy buy buy so all prices will go higher again and we make good moneys and buy lambos in just a few weeks cus once people say its happening other people say it too and others and others too. so it piles up and makes avalanche of gains. so yeah. its good that security is comming now and im glad it happned cus cryptos was bleeding lol but its over now.
i hope u lerned something guys if u need sum more info just ask okay
Adam Turner
Not much of anything, honestly. The law is to keep a monopoly going between "accredited investors" who are "safe" to sell to and IPOs of stock or other securities when companies go public. It's mostly something that companies have to follow for IPOs/ICOs and specific brokers have to follow when trading.
As soon as an IPO goes public, the "accredited investor" can turn around and flip it to anyone in the public in minutes and make a tidy profit. After that, the US government doesn't really care who the fuck owns the stock as long as they're not running PnD, insider trading, or other scams with it and they're not going to try too hard to catch someone unless it's a whale or some other "public enemy" who's fucking over others in the process.
Anthony Butler
You're fucked