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They are basically blocking USD competitors. This makes a lot of sense, doesn't it? Update: The SEC statement makes more sense than my original comment :)
by egorf 6y ago
They are basically blocking USD competitors. This makes a lot of sense, doesn't it?
Update: The SEC statement makes more sense than my original comment :)
- nikivi 6y agoLibra is allowed to exist though. Or I suppose it doesn't compete with USD as it will be tied to fiat?
- egorf 6y agoThis is only my guess, but it should be so much easier to control and regulate Facebook's product rather than Telegram's, right?
- ivalm 6y agoLibra is not selling rights to non-existent tokens. That’s why it’s not a security while TON is a security. No one banned TON, they just said that if you fundraise by sale of tokens then said tokens are securities. Which is a fairly straightforward truth.
- jokit 6y agoIt does from a short sighted, tyrannical, perspective.
- egorf 6y agoIt's not like I'm defending them. Just trying to understand the real reasoning behind this decision.
- lalaland1125 6y agoI highly recommend that you read the original SEC complaint. It lays out the reasoning quite clearly.
- wmf 6y agoOr you could say they are blocking obvious pump-and-dumps.
- Yizahi 6y agoPeople unhappy with USD can always use USDT, opportunistically printed in hundred million "dollars" equivalent per month by 3 semi-anonymous guys in non-extradition offshore and which was dropped like a hot potato by the only auditor company who even considered auditing this scam. There is only one small flaw in this plan - for some weird reason not many people are rushing to adopt this toilet paper "currency".
- pavlov 6y agoWell, those billions of fake dollars are being used to buy Bitcoin, which props up its price, which attracts excited retail investors to buy Bitcoin — so in fact people are rushing to buy the USDT toilet paper, they just don't know it.