MultiversX Tracker is Live!

Gary Gensler is a security token

All Cryptocurrencies

by COINS NEWS 70 Views

Reposting due to last flair being too accurate.

There are four prongs that must be met to be considered a security in the Howey Test:

  1. A party invests money
  2. In a common enterprise
  3. With the expectation of profiting
  4. Based on the efforts of a third party

This is how Gary Gensler meets all four prongs and passes the Howey Test:

  1. Private sector finance firms have invested money
  2. Seeking to harm the blockchain industry with lack of regulatory clarity, inane lawsuits, and allowing fraud like FTX and Luna Terra
  3. Profiting by harming and misregulating the blockchain industry and trying to make traditional finance firms the crypto custodians
  4. Based on the efforts of SEC chairman Gary Gensler

Gary Gensler is therefore a security and has been one years before he became SEC chairman. He helped repeal the Glass-Steagall Act, making him one of the unregistered securities responsible for the 2008-2009 crash.

submitted by /u/EpicMichaelFreeman
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments