The regulator has announced that nine cryptocurrencies listed on the Coinbase exchange, the most popular platform in the United States, are unregistered securities.
This decision, which took the industry by surprise, has important repercussions because tokens or coins have until now been considered non-securities.
It’s just insane that the SEC can just suddenly announce this. Regulation shouldn’t come as a complete surprise, especially when companies like Ripple reached out for clarity years ago and were ignored until the SEC finally decided to sue them for not following the rules the SEC wouldn’t tell them about…
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