[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 4 KB, 250x250, chainlink.jpg [View same] [iqdb] [saucenao] [google]
25182341 No.25182341 [Reply] [Original]

SEC already ruled chainlink is not a security.
> FUDDERS BTFO
In conjunction with the framework, the SEC’s Division of Corporation Finance issued a no-action letter stating that tokens issued by TurnKey Jet (TKJ), an on-demand air charter service, were not securities. TKJ members purchase blockchain-based tokens, which “decreases the settlement time and improves the efficiencies of paying for and obtaining air charter services.” In deciding not to bring an enforcement action, the SEC relied on, inter alia, findings that the project was “fully developed and operational,” the tokens were “immediately usable for their intended functionality,” and the tokens were “marketed in a manner that emphasize[d] the functionality of the [t]oken, and not the potential for the increase in [its] market value.”

https://harvardlawreview.org/2019/06/sec-framework-for-investment-contract-analysis-of-digital-assets-2019/

>> No.25182472

Bump because Fudders don't want you to see this.

>> No.25182506

Explain like I’m retarded

>> No.25182551

>>25182506
Chainlink ICO was done by Turnkey Jet. SEC ruled all tokens done by Turnkey Jet are not considered securities due to their focus on functionality and not potential for increase in market value.

>> No.25182621

Thanks, bought 100k

>> No.25182666

Bump again
GTFIH

>> No.25182668

Cope, good luck selling after the delisting

>> No.25182697

>>25182668
I am feeling comfy

>> No.25182726

>>25182506
basically, your bags are safe.
No worries.

>> No.25182826

fuck you linker, delete your thread or at least use nigger next time so you can be reported for racism.

>> No.25182884

>>25182551
Correction. I am in fact a retard. Chainlink ICO was not done by Turnkey Jet. Point still stands. Chainlink is marketed to emphasize the functionality of the token and not the increase in market value. The SEC previously ruled such tokens are not securities.

>> No.25182924
File: 88 KB, 526x710, 1608761067622.png [View same] [iqdb] [saucenao] [google]
25182924

Stop spreading lies

>> No.25182977

>>25182924
funny enough, none of those points address the howey test

>> No.25183133

>>25182924
Imagine taking the time to make this "infographic" trying to prove LINK is a security, without taking into account what actually makes an asset a security. Is this really the power of noLinkers?

Read the article, brainlet. The federal courts ruled that the SEC doesn't reserve the right to solely decide what is or is not a security, and that the Howey test is imperative in finding and labelling securities. No ifs or buts. SEC agreed.

>> No.25183162

>>25182341
thank you fren

>> No.25183189

Never
Buying

>> No.25183293

>>25182341
OP, why are you doing this ? As long as BTC doesn't bloww off top, Alts like Link will just bleed out, we're at the Despair phase, so that those fucking normies who got in in the Summer capitulate, and gtfo. Let them. We already knew there would be a fud campaign , by Xmas, here it is, oldfags already know where this is going, let it happen, please, OP.

>> No.25183297
File: 585 KB, 1266x688, 1603895692898.png [View same] [iqdb] [saucenao] [google]
25183297

ayy yo ZORA coming

>> No.25184396

>>25182341
once and for all

>> No.25184449

>>25182924
This. OP=cope

>> No.25184742

>>25182924
these aren't the criteria the government uses you numbskull

>> No.25185454

>>25182341
We know.
The problem with LINK is that it had a blow off top and then BTC started moving, so while LINK is cooling off and consolidating against the USD, it's bleeding sats at an alarming rate, turning a correction into a slaughter.

>> No.25185486

>>25185454
This. We are stuck in the slaughter house... FUCK