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SEC says memecoins are not securities
- aurareturn 2y agoSad. Of course they're saying that. Crypto has bought the whole government. As someone who has worked in the crypto industry, it's insane that they're allowed to continue to do this. It's all scams, rug pulls, unregistered securities, insider trading, etc.
- actionfromafar 2y agoSo it turns out, not everything is securities fraud. Or perhaps more correctly, fraud is legal now. (As well as bribing foreign officials.)
- zero_shift 2y agoFrom your perspective inside the industry (or formerly inside), what do you see happening long term? Will there be sufficient incentives for good actors and do consumers understand the risk of unregulated investments?
- dkkergoog 2y ago[dead]
- duxup 2y agoConsidering the Trump profited from his own meme coin this just seems like more cronyism / self dealing and so forth … Meme coins seem like the perfect bribery system.
- tencentshill 2y agoAs they're now classified as novelty collectibles, is there any precedent for bribery with speculative items like that?
- whateveracct 2y agoif there isn't, it's probably because collectibles don't have the ergonomics for bribery that meme coins do. so i'd don't see why precedent is needed here - just because meme coins are deemed collectibles doesn't change how they work. just how they're regulated.
- EGreg 2y agohttps://community.intercoin.app/t/sec-declares-memecoins-are-not-securities/2916 https://community.intercoin.app/t/sec-declares-memecoins-are...