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I don't think the findings unequivocally imply that ETH and BTC are securities. Or am I missing something?
by brucephillips 9y ago
I don't think the findings unequivocally imply that ETH and BTC are securities. Or am I missing something?
- tannhauser23 9y agoIt's saying that companies raising money through ICOs are issuing securities in form of ownership tokens in their companies.
- brucephillips 9y agoNo, it's specifically referencing "DAO" tokens, which are a subset of tokens sold through ICOs.
- wmf 9y agoAFAIK the SEC considers BTC a commodity but that doesn't mean it's unregulated. CFTC, IRS, FinCEN, and state regulations impose all kinds of restrictions on cryptocurrency that almost no companies are following.