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How will SEC’s potential action of labelling Algorand as a security affect me as a bag holder?

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by COINS NEWS 16 Views

I’m not from USA. I hold a bag of Algo as I believe it will blow up in 5-10 years time. I believe that the technology will outlast the hype of meme coins. Why should I care about what the SEC does with regards to Algorand?

Also, why should I be worried about SEC labelling some cryptos as securities in general? Especially when these crypto are a global phenomenon and not localized to USA?

Can the SEC potentially screw further operations and development of Algorand in the future just by labelling it as a security? And if so, what would justify it being labeled as such?

Why isn’t the Italian government worried about Algorand being labeled as a security?

submitted by /u/sitwano
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