/biz/ - Business & Finance

[Anonymous No.22186472]

SEC is scheduled to issue statement at 11am EST tomorrow regarding stablecoins being securities

[Anonymous No.22186487]

get out while you still can, retards

[Anonymous No.22186650]

>>22186472
>>22186487
>stablecoins
oh.

[Anonymous No.22186709]

>>22186472
You could post a link you stink.

[Anonymous No.22186810]

>>22186472
Bullish

[Anonymous No.22186811]

>>22186472
Well bitcoins not a stablecoin is it dickhead?

[Anonymous No.22186911]

>>22186472
bullish

[Anonymous No.22186946]

>>22186472
HOLY FUCK BROS USD COIN IS GOING TO $1 BUY BUY BUY BUY

[Anonymous No.22187007]

>>22186911
Would be bullish as hell indeed.

[Anonymous No.22187184]

proof

[Anonymous No.22187286]

>>22186472
Thanks, sold my XRP

[Anonymous No.22187289]

Erect my penis

[Anonymous No.22187354]

>>22186650
hey retard do you realize if they declare any of the stablecoins illegal then whole defi ecosystem will collapse because it runs on yCRV of dai, usdt, usdc and tusd?

if any one of those goes under, so will the whole defi ecosystem, and so will the rest of the cryptosphere.

[Anonymous No.22187369]

>>22186472
Maybe they'll do something about Tether while they're at it. Time to put the fuking ponzi to rest.

[Anonymous No.22187921]

>>22187369
>>22186472
https://cryptolawinsider.com/are-stablecoins-securities/
Very good article about this topic.

[Anonymous No.22187988]

>>22187354
Why would a declaration of illegality matter. Is the smart contract going to turn off?

[Anonymous No.22188134]

>>22186472
People forget that SEC isn't there to set laws, only to enforce them.

[Anonymous No.22188220]

>>22187988
This. It's crypto. Don't be a pussy bitch, the government isn't go to arrest us for playing with internet chucky cheese tokens.

[Anonymous No.22188375]

>>22186472
Post link bro

[Anonymous No.22188464]

>>22186472
post yfw you realize tether makes up 44 billion in volume and is basically propping the entirety of crypto

[Anonymous No.22188546]

>>22187921
>expectation of profits
>from a stablecoin

[Anonymous No.22188594]

>>22186472
>load z SEC fud
>load z tether fud

[Anonymous No.22188682]

what does it mean if stablecoins are ruled as a security?

[Anonymous No.22188780]

How could you make something like dai illegal? It's stable in the sense that's always worth about 1$ but it's not pegged to the usd

[Anonymous No.22188962]

>>22186472
>>22186487
>>22187354
>>22188682
Fuuucking bullish for BTC,LTC, and ETH.

[Anonymous No.22188983]

>>22188962
explain

[Anonymous No.22189087]

>>22186472
kek what do you think a third world country with dying currency can to stop a world wide network?
this is you

[Anonymous No.22189134]

>>22188983
Those are commodities and not subject to security laws. Stablecoins are securities.

[Anonymous No.22189269]

>>22189134
how the fuck is eth not a security lmfao

[Anonymous No.22189291]

>>22189134
Yes

>>22188983
First imagine that you're a sizable entity that holds a sizable amount of amount of money in the form of stablecoins. Now imagine that you're suddenly forced to find another place to hold that sizable amount of money.

[Anonymous No.22189364]

>>22186472
I mean I doubt they outright ban it. Tons of securities are SEC-friendly. PAXOS and PAX Gold I think are two.

[Anonymous No.22189384]

>>22186472
>stablecoins
Good thing my XRP is safe

[Anonymous No.22189516]

Elastic supply coins can’t be securities they try to match a rate but are not tied to it

[Anonymous No.22189568]

>>22186472
If you believe this you have 3 braincells. Stablecoins fail every part of the Howey test

[Anonymous No.22189577]

oh fuck better sell my bitcoin into a stable coin

[Anonymous No.22189579]

>yfw the announcement is related to the Coinmetro bond
Bullish

[Anonymous No.22189586]

>>22187354
wait wait wait wait
are you telling me Murricans are going to jump through retarded rings and pay premiums to get there cash out of a death shitcoin named dollar
extremely bullish

[Anonymous No.22189641]

>>22189087
tpbp

[Anonymous No.22189648]

>>22186472
top bait

[Anonymous No.22189676]

>>22186472
the SEC is old news.

[Anonymous No.22189706]

Tether/Bitfinex realises the jig is up. They've been printing billions of tethers out of thin air for months and none have been burned. They're going to use their printed money to buy all the BTC and ETH they can, while exchanges still accept Tether, and leave people holding their worthless shitcoin.

[Anonymous No.22189717]

>>22186472
SEC: All cryptos are securities, except XRP.

[Anonymous No.22189758]

>>22188546
Stable coins don't pass point 2 and 4 of the Howey test. If burgers declare them securities, we entered lala land, then a fucking cherry tree could be considered a security

[Anonymous No.22189769]

Chinaman will save us

[Anonymous No.22189776]

>>22186472
Come to my house SEC, I will fucking wait you.

Imagine being american lmao. Real chads live as third world kings.

[Anonymous No.22189812]

>>22189717
ironically xrp and other crypto assets could be considered more securoties than a stable coin. They only don't pass 4, where specifically xrp with ripple labs explicitly shilling it actually does

[Anonymous No.22189826]

Proofs. I don't believe it.

[Anonymous No.22189845]

wait doesn't there have to be an expectation of making a profit for the asset to be a security? why are Americans such retards?

[Anonymous No.22189984]

>>22189717
2018
lower high
lower low
2019
lower high
lower low
2020
lower high
lower low

[Anonymous No.22190043]

>>22186472
No they’re not