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Your problem is you're comparing unregulated securities to a currency. Try comparing it to regulated securities. Then look at volumes. Then check for enforcemen
by arcticbull 4y ago
Your problem is you're comparing unregulated securities to a currency. Try comparing it to regulated securities. Then look at volumes. Then check for enforcement action. The SEC regularly (maybe not regularly enough, but regularly) torpedoes these frauds in the real markets.
I'm sorry but it's asinine to compare securities and currencies, and straight-up whataboutism.
- yucky 4y agoThe IRS says crypto is not a security: https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies https://www.irs.gov/businesses/small-businesses-self-employe... You can create security instruments out of crypto, but that is not the same thing.
- agentultra 4y agoUpdate: it's probably a lot more than $70M: https://web3isgoinggreat.com/?id=ftc-reports-329-million-lost-to-crypto-scams-in-q1-2022 https://web3isgoinggreat.com/?id=ftc-reports-329-million-los...