/biz/ - Business & Finance

SEC Possible Lawsuit Meeting
Who are we going to go after?
> Opens Coinmarket Cap
> Let's see....hmmmm
> BTC - No, too fairly distributed
> ETH - No, we've already ruled on it.
> Tether - No, It's just the USD, plus (((We))) own it
> XRP - Oh wow, shills everywhere, dumping on normies everywhere, coins held in (((escrow))). This is priority #1 go get 'em boys
> LTC - No, it's just BTC lite, no one to sue, no case
> BCH - Just a worthless BTC fork... naaaa
> LINK - Cayman Islands, Sergey, paid shills, fake partnerships, Lambos, weekly 700k dumps.
This is one is next boys! Start the investigations on the down low.

Could anyone direct me to details or documentation on what the SEC restrictions or guidelines are regarding creating a token? I'm not trying to make pump & dump shitcoins or anything, but I have a vision for a tokenized product and I've heard that there's a bunch of bullshit you have to deal with if you try to do that as a burger, but I have no idea what that is exactly.

Is extremely autistic and bizarre that you are only allowed to short sell during an upward bullish tendency. Is almost like banning shorting.
https://en.wikipedia.org/wiki/Uptick_rule

Could you explain with simple words to non burgers /biz/tards like me?

In the last months I've seen a lot of coins being delisted on Bittrex because they were labeled as "security", still have no fucking clear idea of what a security is.

>>1809390
yea, apparently they going under the ticker "coin"

https://www.sec.gov/Archives/edgar/data/1579346/000119312517034708/d296375ds1a.htm


"The Trust is initially expected to issue and redeem Shares from time to time only in one or more whole blocks of 100,000 Shares (each block of 100,000 Shares is a “Basket”). The Trust will issue and redeem the Shares in Baskets only to certain authorized firms (“Authorized Participants” or “APs”) on an ongoing basis as described in the “Plan of Distribution” section below. On a creation, Baskets will be distributed to the creating Authorized Participant by the Trust in exchange for the delivery to the Trust of the appropriate number of bitcoin (i.e., bitcoin equal in value to the net asset value per Share of the Trust (“NAV”) multiplied by the number of Shares in the Basket). On a redemption, the Trust will distribute bitcoin equal in value to the NAV multiplied by the number of Shares in the Basket to the redeeming Authorized Participant in exchange for the delivery to the Trust of one or more Baskets. On each Business Day, the value of each Basket accepted by the Transfer Agent in a creation or redemption transaction will be the same (i.e., each Basket will initially consist of 100,000 Shares and the value of the Basket will be equal to the value of 100,000 Shares at their net asset value per Share on that day). The Trust will not issue or redeem fractions of a Basket."

i dont understand how any of this shit is gonna be priced. do they want to make the share price lower since you have to buy a full share from broker?