So looking at the landscape of crypto right now it seems that a lot of projects have been considered securities due to their ICO, but some projects by themselves have tokens that act like securities, one example could be a lot of the staking protocols such as StEth or RETH or the new protocols like lybra finance that allows you to mint a stablecoin that earns you interest. It seems like these coins would easily get scrutiny from the SEC.
This has adverse effects on the growth of the project because protocols like lybra finance, and other future lst projects might not be able to get listed on exchanges and get VC investment. Ultimately stunting the project.
A lot of projects could have an argument that they aren’t securities if they provide enough evidence of decentralisation, but for tokens like the liquid staking protocols where it seems like you’re holding a token that bares the holder a dividend it’s hard to defend the commodity stance.
So would you say before investing into a project it’s probably worth while not investing into the staking protocols gov tokens or the projects.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments