A storm of regulation is descending on the world of cryptocurrencies. About a year ago President Biden issued an executive order regarding the future of US money and payment systems. He told the necessary government agencies to get themselves organized in regard to crypto regulations. Who should be in charge of what in this realm needed to be sorted out. While the new EU crypto rules are a comprehensive package of laws to regulate cryptocurrencies in the European Union, the US Congress has been dragging its feet and not providing regulators with any guidance. FREE: Get Your Wedge Breakouts Training Video Now! So, folks like the SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission) are taking matters into their own hands by asserting that various parts of the crypto world fall into their regulatory domains. One of the issues that will soon be sorted out in court is this question. Are your crypto tokens securities? SEC Case Against Coinbase Bloomberg reports that the Coinbase is being sued by the SEC. Coinbase is the largest US crypto exchange and the SEC is already suing Binance, the largest crypto exchange in the world. In the absence of direction by Congress, the SEC is asserting, among other things, that crypto tokens are securities. Therefore they fall under the jurisdiction of the Securities and Exchange Commission. According to the SEC a large number of crypto tokens are unregistered securities. Because none of these tokens has been registered as a security, the SEC says that Coinbase has been breaking the law. According to the SEC, Coinbase has been acting as a broker-dealer, an exchange, and a clearinghouse for securities. All of these functions require registration as such and compliance with a whole set of rules that Coinbase and other exchanges have not been following. How Is a Virtual Currency a Security? The SEC is basing its argument on a 1946 US Supreme Court decision. The decision implies in this case that if people buy the virtual currency to fund a project or a company and intend to profit from their efforts, that makes the virtual currency a security. The other part of the decision was that the item under consideration is being offered by a third party issuer (in this case, Coinbase). In this regard, the SEC says that SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO are all securities. These crypto tokens are all offered on Coinbase. Is Bitcoin a Security or a Commodity? Gary Gensler, the head of the SEC, has previously noted that the SEC does not see Bitcoin as a security but rather as a commodity. Gensler has said that while Bitcoin is, and should be regulated as a commodity, pretty much every other crypto token should be treated as a security. The end goal is to protect investors. He notes that no matter if a crypto exchange calls itself that or says it is a lending or staking service, they need to be in compliance with the rules that others financial markets follow. They should not commingle funds, mislead their clients or the public in general, or do things that traditional financial markets are not allowed to do. As an example, Gensler has noted that the NYSE (New York Stock Exchange) does not make markets, run hedge funds, act as a clearinghouse, or play with customer assets. All of these separate functions are separated out to prevent conflicts of interest and regulated separately no matter if they are considered commodities or securities. Cryptocurrencies and Securities and the Future of Crypto Doomsayers are stating that the common goal of the SEC and CFTC is to make crypto trading impossible in the USA. If the SEC and CFTC succeed in their efforts to bring cryptocurrencies under their regulatory wings, we expect that serious investors with very serious capital will become more interested in this investment arena. People who manage multi-billion-dollar investment funds expect to be able to control their risks. That generally means having a clear view of the inside workings of the companies they invest in and the markets in which they trade and invest. Crypto was on the doorstep of further growth before higher interest rates and the threat of recession drove markets, including crypto, down. The exposure of unexpected levels of poor business management and outright fraud was a greater blow to the legitimacy of crypto that the monetary losses of crypto winter. Getting cryptoâs regulatory house in order will be more likely to help than hurt over the long term. FREE: Get Your Bobble / T-Line Crunch Training Video Now! [Image] Here are Some More Investing Tips and Resources. Enjoy! Sponsored
[Are You Prepared for the Death of the Dollar?](
The dollar is not as stable as we once thought. The national debt is skyrocketing, inflation is rising, and the government seems unable to control it. All of this points to a possible collapse of the dollar, and the consequences will be catastrophic. [Here's How To Prepare](
By clicking the link you are subscribing to The Wealth Creation Investing Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy.
[Privacy Policy/Disclosures]( [Are Your Crypto Tokens Securities?](?site= A storm of regulation is descending on the world of cryptocurrencies. About a year ago President Biden issued an executive order regarding the future of US money and payment systems. He told the necessary government agencies to get themselves organized in regard to crypto regulations. Who should be in charge of what in this realm needed to be sorted out. While the new EU crypto rules are a comprehensive package of laws to regulate cryptocurrencies in the European Union, the US Congress has been dragging its feet and not providing regulators with any guidance. FREE: Get Your Wedge Breakouts Training Video Now! So, folks like the SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission) are taking matters into their own hands by asserting that various parts of the crypto world fall into their regulatory domains. One of the issues that will soon be sorted out in court is this question. Are your crypto tokens securities? SEC Case Against Coinbase Bloomberg reports that the Coinbase is being sued by the SEC. Coinbase is the largest US crypto exchange and the SEC is already suing Binance, the largest crypto exchange in the world. In the absence of direction by Congress, the SEC is asserting, among other things, that crypto tokens are securities. Therefore they fall under the jurisdiction of the Securities and Exchange Commission. According to the SEC a large number of crypto tokens are unregistered securities. Because none of these tokens has been registered as a security, the SEC says that Coinbase has been breaking the law. According to the SEC, Coinbase has been acting as a broker-dealer, an exchange, and a clearinghouse for securities. All of these functions require registration as such and compliance with a whole set of rules that Coinbase and other exchanges have not been following. How Is a Virtual Currency a Security? The SEC is basing its argument on a 1946 US Supreme Court decision. The decision implies in this case that if people buy the virtual currency to fund a project or a company and intend to profit from their efforts, that makes the virtual currency a security. The other part of the decision was that the item under consideration is being offered by a third party issuer (in this case, Coinbase). In this regard, the SEC says that SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO are all securities. These crypto tokens are all offered on Coinbase. Is Bitcoin a Security or a Commodity? Gary Gensler, the head of the SEC, has previously noted that the SEC does not see Bitcoin as a security but rather as a commodity. Gensler has said that while Bitcoin is, and should be regulated as a commodity, pretty much every other crypto token should be treated as a security. The end goal is to protect investors. He notes that no matter if a crypto exchange calls itself that or says it is a lending or staking service, they need to be in compliance with the rules that others financial markets follow. They should not commingle funds, mislead their clients or the public in general, or do things that traditional financial markets are not allowed to do. As an example, Gensler has noted that the NYSE (New York Stock Exchange) does not make markets, run hedge funds, act as a clearinghouse, or play with customer assets. All of these separate functions are separated out to prevent conflicts of interest and regulated separately no matter if they are considered commodities or securities. Cryptocurrencies and Securities and the Future of Crypto Doomsayers are stating that the common goal of the SEC and CFTC is to make crypto trading impossible in the USA. If the SEC and CFTC succeed in their efforts to bring cryptocurrencies under their regulatory wings, we expect that serious investors with very serious capital will become more interested in this investment arena. People who manage multi-billion-dollar investment funds expect to be able to control their risks. That generally means having a clear view of the inside workings of the companies they invest in and the markets in which they trade and invest. Crypto was on the doorstep of further growth before higher interest rates and the threat of recession drove markets, including crypto, down. The exposure of unexpected levels of poor business management and outright fraud was a greater blow to the legitimacy of crypto that the monetary losses of crypto winter. Getting cryptoâs regulatory house in order will be more likely to help than hurt over the long term. FREE: Get Your Bobble / T-Line Crunch Training Video Now! [Continue Reading...](?site= [Are Your Crypto Tokens Securities?]( And, in case you missed it: - [Is Binance Guilty of Fraud?](?site=
- [Why Is the Stablecoin Market Shrinking?](?site=
- [Southwest Airlines LUV Stock On Wedge Breakout](?site=
- [Cummins CMI Stock Breaks Above 200 Day Moving Average](?site=
- [Fundamental Analysis of Tata Motors â Financials, Future Plans & More](?site= - FREE OR LOW COST INVESTING RESOURCES - [i]( [i]( [i]( [i]( Sponsored
[Discover a Recession-Proof Company for Your Portfolio](
We have identified a recession-proof company that has tremendous potential for growth in the coming years. Our research team has given them our highest score as a solid addition to any portfolio.[Go HERE to see the Potential Investing Opportunity](
By clicking this link you are subscribing to The Stock Market Monster Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy
[Privacy Policy/Disclosures]( - CLICK THE IMAGE BELOW FOR MORE INFORMATION - [i]( Good Investing! T. D. Thompson
Founder & CEO
[ProfitableInvestingTips.com]() ProfitableInvestingTips.com is an informational website for men and women who want to discover investing and trading products and strategies to educate themselves about the risks and benefits of investing and investing-related products. DISCLAIMER: Use of this Publisher's email, website and content, is subject to the Privacy Policy and Terms of Use published on Publisher's Website. Content marked as "sponsored" may be third party advertisements and are not endorsed or warranted by our staff or company. The content in our emails is for informational or entertainment use, and is not a substitute for professional advice. Always check with a qualified professional regarding investing and trading guidance. Be sure to do your own careful research before taking action based on anything you find in this content. If you no longer wish to receive our emails, click the link below:
[Unsubscribe]( Net Wealth Consultants 6614 La Mora Drive Houston, Texas 77083 United States (888) 983-9123