ALL ICOS ARE SECURITIES

IT'S

ALL

OVER

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how can linkies ever recover

but mutts aren't allowed to participate in ICOs anyway, so why does this matter

>tfw I hold a series 7

>tfw not a mutt

I don't care.
Mutts btfo.

but they've been saying for the past few years that cryptos aren't money, they're just chucky cheese tokens with no value

which one is it boomers

dammit....and down it goes......well all in all i only lost $1000

it's not just about the ico it's about the tokens you buy/sell on exchanges

Mutts can buy securities they just can't promote them or sell them to other mutts.

but how far does it go? ETH had ICO too at one point several years ago but now it's pretty much 100% utility
surely ETH can't be declared a security, that would be like declaring gold security

>be a mutt
>land of the mutt dream where anyone can make it
>to invest in speculative securities you have to have net worth of $1 mill+ and a Accredited Goy Certificate, otherwise you can only buy post-pump bags that the kikes allow you to for your own safety

TOPKEK

EVERYTHING IS ALREADY DUMPING

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Mutt exchanges BTFO

>WE HAVE--WE HAVE--WE HAVE LIMITED RESOURCES, WE HAVE TO PRIORITIZE WHAT WE DO

I am so scared from a burger institution

and they enforce it how?

That's a good thing.
The less power la creatura has, the less it can spread its corrupt aura.

Commissioner STEIN

ETH WILL CRASH NOW BIG SELL ORDER 9,000 ETH ON GDAX

FUCK FUCK FUCK FUCK FUCK FUCK
I WANT MY MOM

Eth forked from etc, etc technically had an ico. So Eth should be clear. Can't guarantee anything thou.

forks of securities are securities.

What does insurance have to do with anything

>no one can sell and buy LINK
is this singularity?

So bitcoin and litecoin should moon now right?

the burgers will call it whatever they want but rest assured it wont benefit you the little holder but will benefit the big institutions. how dare you bypass established financial institutions by depriving them of their vig and monopoly get right back in that kitchen you wagecuck stop thinking you can be your own bank and flip me a burger.

XRP will be the only one standing

>forks of securities are securities.

This. People don't know anything

is there a live stream for the blockchain meeting?

Fake. And they haven’t even done the crypto part yet.

OP = Russian bloatlord

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La creaturas can go fuck themselves. The whole cryptospace will ban amerimutts and the rest of the world will go on without them. The sooner this happens, the better. In the current situation we have weakhanded americans dumping every time SEC says anything related to crypto.

The transcript is literally on the SEC website...

>Groupon ICO $20
>only rich people can buy ICO
>average joes fomos and buy afterwards
>rich people dump their bags on average joes
>average joes been holding bags since

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*IPO

Kek no, will have to be done on a case by case basis. Tokens which give you no voting rights can not be classified as securities no matter what they are saying.

jude.jpg

Eth is not a security idiot. Some ICO's running on it are tho

Not all stocks give you voting rights either.

Just ban burgers from exchanges.

brainlet ETH had an ICO. they couldn’t be more clear that ICO = SECURITY.

I agree. They should ban us.

So what? Coinbase gets a securities license. Coinbase is now legitimized by the SEC. Everyone buys Eth. We all make money. Our ERC-20 tokens are the real risk, because who knows if they'll block us from buying and selling on Binance. Maybe Coinbase will just list all of those too.

Stocks are shares in a company you faggot retard

you already committed securities fraud.

I didn't buy into an ICO, and only the ICO sellers themselves could be prosecuted you FUDding dipshit asshole.

The 3 point howey test is the standard for security classification, sec cant overturn the supreme court

these faggot bureaucrats dont control me, and they never will
they can pry my crypto from my cold, dead hands

Congratulations on knowing what a stock is. But not all stock has voting rights. Go look up google class B shares.

>only the ICO sellers themselves could be prosecuted you FUDding dipshit asshole.
just like all the users of napster were arrested and charged. they will go after the people who set up the ico not those that part took.

Or, you know, remotely wipe out your holdings. Either way works.

>remotely wipe out your holdings
>doesn't understand blockchain
Boomer detected, probably paid FUDder from Jew P Morgan.

You fucking retard thats not the point, my point is not to equate stocks with utility tokens
utility tokens do not give any ownership or rights from a company and is therefore not a security.

>Much of what I have seen

I.e. not ALL ICOs, so the million dollar question is what ICOs are *not* securities?

XRP of course

> remotely wipe out your holdings

fucking boomer

I kind of think BAT doesn't fit the facts of a "security" from what they've been saying.

Can anybody weigh in? It seems like it has a platform for its use and is made for a specific use purpose rather than just to be traded and monetized.

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SELL SELL SELL AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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XRP didn't have an ICO you brainlet.

I don’t really get it...isn’t it already understood that ICO’s are securities? What does this even change?

SEC is very worried about scammy ICO's. Also the whole sentiment of this townhall meeting is that they're going to be stricter about what are securities than we originally thought. Seems like if it's a token, there's a GOOD chance that it's a security, rather than just a chance.

pscp.tv/w/1BRJjepNoqBGw

this shit is really not looking good honestly this bitch just basically said

No, your point was voting rights. Go ahead and read your original comment.

the real question is what can they do about it? decentralized exchanges are popping up more and more.

>forking open source software means the creation of a security

Thanks user

Hahaha holy fuck is that black guy for real?
>axe you a few questions
>the po-leece

based nigger

TBF he right

i only caught the end of it, it seems like the nigger was the only one that asked that question

They gave you something in return for you funding them and you funded them with a hope of it increasing in price, its a security.

i mean STOCKS are securities. did anyone think that the SEC is gonna be more lenient on shitcoins than on stocks? ppl can still trade stocks from home with ease, what does this even change?

They actually can't. Need 20k to be allowed to daytrade.

You'll be trying to sell your bags to accredited investors, who aren't idiots precisely. Your best chance to sell those Links bags is gone, at least you won't find enough stupid people in the US anymore, you'll have to look somewhere else.

Stocks are registered, this requires all shitcoins to jump through SEC hoops which leads to them choosing winners and losers. Alternatively the crypto space can just cut Americans out which they should.

I think you meant: SELL HOLY SHIT BITCOIN GOING DOOOOOWN REALD BAD SELL NOW ETH SECURITIESSSSSSS

Most people who buy into ICOs aren't Americans to begin with. Those who are are circumventing controls meant to keep Americans out or are taking part in the really small ICOs.

what more proof do you need, the entire market is designed around taking $ from dumb amerigoys

$25k

And for accredited investor, $1 mill or earn 200k+ past two years.

BAT has tried to claim that they are a "Utility Token", to which the SEC basically said that's just lawyer talk and doesn't preclude a coin from being a security

>do ICO
>immediatly hard fork

me? I'm no security, trallallalallala

They said that unregistered exchanges (coincidentally, they said there are no properly SEC registered exchanges) that offer coins that had an ICO are also in violation.

Basically any exchange that Americans have access to could be in trouble if they dont register.

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wtf can they even do though?

They said that? Source?

That's seriously fucked up if true

Obama isn’t president anymore.

>legal arguments that are critical for making laws
>no that's just lawyer talk

maybe if america just fell behind and got btfo out by china they'll realize how badly they fucked up in a few years

Sub 1000 sats soon

...

How does that invalidate the image?
protip - It doesn't.

Wait. Hold up. Was there an election? Who is president right now?

Ted Cruz.