SEC: All CRYPTO (Except ₿itcoin) is a SECURITY! What Does This Mean For Exchanges & You? 💰🤔
As predicted, the SEC claims All CRYPTO that passes the Howey Test is an Illegal Unregistered Security. This also means exchanges like Coinbase and Kraken, that allow Staking, are committing a crime. I expect the SEC to demand full disclosures from the issuers behind Cryptos to alert and inform buyers and holders what they bought / own, and/or face major fines in the Millions of $. If they decide not to comply, they will be forbidden from operating and selling their Crypto in the US, and Exchanges that sell to the US will be forced to delist them, losing an enormous market share.
₿itcoin is safe, since there is NO issuer, NO Foundation/Corporation/Org/Person behind it, NO pre-mine, is Decentralized, is Proof of Work and the code is Open Source for all to examine.
- TIMESTAMPS -
00:00 - Intro
01:52 - The SEC vs. Coinbase
04:30 - What Does "security" Designation Mean?
06:21 - What is Next?
09:19 - Registered Securities
13:12 - What It Means For Hodlers
15:02 - Outro
📺Essential Videos📺
Brian Armstrong: What You NEED To Know - Coinbase CEO! 👉 https://www.youtube.com/watch?v=VJHULTrpqow
⛓️ 🔗 Useful Links 🔗 ⛓️
► Coinbase Blog: https://www.coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal
► Earn rewards with Coinbase: https://help.coinbase.com/en/coinbase/trading-and-funding/coinbase-earn/rewards
► Coinbase moves to on-chain staking for Tezos, Cosmos, Solana, and Cardano: https://cryptoslate.com/coinbase-moves-to-on-chain-staking-for-tezos-cosmos-solana-and-cardano/
► Gensler Suggests Again That Proof-of-Stake Tokens Are Securities: https://www.coindesk.com/policy/2023/03/15/sec-chairman-gensler-suggests-again-that-proof-of-stake-tokens-are-securities-report/
► Coinbase Gets SEC Notice: https://www.bloomberg.com/news/articles/2023-03-22/coinbase-coin-gets-sec-wells-notice-over-crypto-offerings
Original Video by Coin Bureau: https://www.youtube.com/watch?v=gpnLjfnZ2qM
🦁 www.MAGAlionHAT.com 🦁
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₿itcoin (BTC):
bc1q63xshh2c2u4tvc6jksl5crlhtp554qu0l4nn8j
₿itcoin Cash (BCH):
qqms8t79e6rk5z5djad360d38y9kkqnh7yfpxkkuy5
₿itcoin SV (BSV):
1F6oH8qkMjswViJSwq965gRivE3DqKuJKC
Litecoin (LTC):
LgxrUdjUxnmFGLtsAbh76C3aAm3dXAGDFV
Dogecoin (DOGE):
DGn5bkC9WM1E2oM79HWiYoVxE3rHuEGkoS
Ethereum Classic (ETC):
0xC03AEe5333D50a20810e1A7585D9BB3f77E0B773
Ethereum (ETH):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Shiba Inu (SHIB):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Chainlink (LINK):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Polygon (MATIC):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Ripple (XRP):
rwvGofsMZQMyqro9YPe7swpo6C6Kagpg2e
VeChain (VET):
0x6410f2e05fEF8169bd1A6935884B9D4D56D9017b
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