SEC declares utility tokens different from securitiy tokens

[Anonymous No.9885659]

Ready for the alts moon? Only the right alts tho

https://www.youtube.com/watch?v=qB8SWUojxBM

[Anonymous No.9885691]

>>9885659
>Right alts
>Right alt
>Literally an anagram for alt right
WAKE UP SHEEPLE, CRYPTOCURRENCY IS A NAZI PROJECT

[Anonymous No.9885705]

>>9885659
This literally means that only tokens not available anywhere except the website, Probably Valueless tokens.
we're all fucked anon.

[Anonymous No.9885717]

>>9885705
However this kindof relates to exchange tokens...
This whole bull shit fiasco only matters to burgers anyway, just let your debt fueled economy die already.

[Anonymous No.9885957]

>>9885717
Burger here. If it matters to us, it matters to you. Cut out a huge part of the market and prices will drop. I'm sorry your shithole country relies on our massive economy.

[Anonymous No.9885997]

>>9885957
It's not just the retail investors, SEC approval also means an influx of institutional investors

[Anonymous No.9886253]

GNT GNT GNT here we go on coinbase

[Anonymous No.9886271]

>>9885691
>based Hitler dubs

We know. I'm a Nazi though so that's why I'm in cryptos (although that's a slur, like "Pinko", we prefer National Socialist thanks).

Anyway, buy Chainlink. We're going to hook it up to DNA sensors that can detect Jewish ancestry, and control swarms of miniature, dust sized and basically undetectable hunter-killer drones to finish what the Fuhrer started. We do it all at once, every country simultaneously and they won't stand a chance. Muslims next. Sergey is going to finally bring us the Fourth Reich we've been waiting for!

[Anonymous No.9886274]

>>9885957
we survived the end of the pajeets we will survive the end of la creatura

[Anonymous No.9886296]

>>9885957

Except bans create demand. Did banning coke lower the price or raise it for the US? So if you want any tokens that offer passive income, gonna need to buy it from me at a markup burger.

[Anonymous No.9886317]

>>9886271
this

[Anonymous No.9886336]

Isn’t Coinbase working on being approved to list securities anyways?

I know it will hurt a bit short term if tokens = securities, but once exchanges get the proper approval from the SEC, what’s the big deal?

[Anonymous No.9886447]

>>9886336
SEC has asked for approval since April, they obviously knew beforehand though and gave the insider info to the market makers

Nothing that happened to this market for the past half a year is organic or random

https://www.dowjones.com/scoops/cryptocurrency-firm-coinbase-in-talks-to-become-sec-regulated-brokerage/

https://cryptoslate.com/coinbase-to-receive-sec-registration-and-expand-digital-asset-listings/

[Anonymous No.9886454]

>>9886336
Are you an accredited investor? Once that happens, say good bye to the retail market.

[Anonymous No.9886483]

>>9886454
Thats Bullshit. Not being accredited just means you cant participate in private offerings (like IPOs or ICOs).
Once its listed on a regulated exchange, non accredited investors can buy just like you can buy apple sticks right now.

[Anonymous No.9886531]

>>9886483
>non accredited investors can buy just like you can buy apple sticks right now

This is a very important distinction that people much pay attention to and is frequently glossed over or hidden by whaletrolls.

That said, the fact that retail investors are excluded from ICOs is complete bullshit and Russia is doing the same.

Just in case people still thought it was US vs Russia instead of plutocrats everywhere vs everyone else

[Anonymous No.9886543]

>>9886531
Its bullshit for sure but its not as doom and gloom as brainlets pretend

[Anonymous No.9886612]

>>9886483
>citation_needed

[Anonymous No.9886613]

>>9886543
Absolutely that's why I think your point should be raised more frequently so that newbies see it and don't fall for the massive FUD astroturfing campaign going on right now

Establishment shills are literal cockroaches

[Anonymous No.9886640]

>>9886612
It's how IPOs work you dumbfuck. If you're accredited you can buy whatever the fuck you like, if you're not you have to jump through hoops.

Shills playing dumb to derail conversations are the worst kind of cancer on the face of the internet

[Anonymous No.9886689]

BAT will moon. Check em.

[Anonymous No.9886723]

>>9886640
IPO != ICO

Your jimmies seem rustled

[Anonymous No.9886743]

>>9886723
SEC will treat ICOs like IPOs. They wont let poorfags buy good projects early

[Anonymous No.9886803]

>>9886743
Then what did the chairman mean when he said, if it had an ICO it’s a security?

[Anonymous No.9886975]

>>9886803
It means if they gave you a token that doesn't do anything (aka like a digitized stock) it's a security (stock). If it does something (like link and req's functionality or whatever) then it's not a security but a commodity or something

[Anonymous No.9886985]

>>9886723
Your brain seems rusted

[Anonymous No.9886990]

[Anonymous No.9887108]

>>9886975
I think utility token is the term you’re looking for you dumbfuck

[Anonymous No.9887132]

>its a utility if its a utility token
>no wait if its a utility token but its listed on exchanges then it's a security
>no wait its actually a spectrum. a howey test spectrum. it's a spectrum now.

the absolute state of these boomers.

[Anonymous No.9887155]

Buy MORPH thank me would, SEC compliant check YouTube

[Anonymous No.9887181]

>>9886803
APPLE is also a security. That doesnt mean you cant buy APPLE.
It just means you cant buy it before public listing aka in IPO or ICO

[Anonymous No.9887316]

>>9887181
Are retail investors who bought “APPLE” before these rules were established grandfathered in, so to speak?

[Anonymous No.9887432]

>>9887108
I've already used the word utility token multiple times you absolute retard, I was referring to the stock market analogue

[Anonymous No.9887457]

link is a shitcoin and will never moon compared to other shitcoins. linkies will be butthurt forever

[Anonymous No.9887475]

>>9887316
They better, if the SEC doesnt want crypto to collapse completely

[Anonymous No.9887520]

>>9885659
tl;dr
>if you're buying a token for an already existing platform, and you yourself will be using the token on that platform, it's probably not a security

BAT is literally the only coin that fills this description. The violent moon when dozens of coins are declared as securities, and BAT is added to coinbase, will be fucking legendary. You have to be braindead to not throw at least 5% of your portfolio into BAT just as a moonshot. I don't even use the shit browser, I'm just not a brainlet.

[Anonymous No.9887535]

>>9886454

[Anonymous No.9887547]

>>9887520
Browser isn't shit at all bro it works great on mobile for me

[Anonymous No.9887606]

>>9887547
i was talking about the desktop version, and i mean shit in the sense that there's no purpose in using it over the other well-established tried and true browsers that i know have all my extensions, bookmarks, etc.

i don't really use mobile browsers because if i'm using a browser on my phone it's to look up one thing for about 30 seconds, anyone spending long periods of time on a mobile browser is probably rather pajeetish.

[Anonymous No.9887677]

>>9887475
I mean a handful of financially elite people would contribute way more to a tokens value during or post-ICO than a bunch of middle class crypto enthusiasts wouldn't you agree?

Why wouldn't they throw thousands of middle class people under the bus in favor of one or two investment bankers with a combined net worth > all of those middle class people.

Not trying to spread FUD. In fact, I hope some anon is well versed enough in these topics to debunk this.

[Anonymous No.9887725]

>>9886483

Cool, so non-Jews can get dumped on. Gotcha, nothing scammy there at all.

[Anonymous No.9887749]

>>9887677
>checked

No, that about sums it up. In that chart of yours, see that 1%? Know what percentage are Jews?

[Anonymous No.9887905]

>>9887725
Yes US-mongrels will have to be rich to participate in ICOs. But that doesn't mean ICOs or crypto will die like faggots seem to think.

[Anonymous No.9888019]

god damn I hate the US

The rich get richer, everybody else can just die for all these faggots care

I suggest we all take the same mentality to them

[Anonymous No.9888204]

>>9887749
The only silver lining I can imagine is a case where a coin is hyped, has an ICO and then stagnates or dumps post-ICO.
This is actually kind of common right now due to early investors taking out their initial, not knowing enough about the project, having weak hands etc..

In a situation like this, a basket-weaving forum like /biz/ will actually be useful just because of the shards of golden information you can find hiding in between all of the endless shitposts.

Who knows how institutional money will behave though.

[Anonymous No.9888444]

>>9885957
>Cut out a huge part of the market and prices will drop

Ah how much more people pay for the illicit.

[Anonymous No.9888466]

>>9886296
exactly. start the Miami vice music while this anon and I start driving speed boats of crypto into florida, wearing pastel suits, driving lambos and hanging out with bikini blondes with big hair

[Anonymous No.9888518]

What is a crypto has its own blockchain, is also its own messaging system, is also traded on an exchange, pays dividents but also acts as an exchange medium for an AI intelligent personal organiser services and a hyperfast interface to other blockchains?

what then?

[Anonymous No.9888529]

>>9885705
this, stupid bitchis talking about some porn/gaming platfrom tokens which are not even crypto

as long as you can make money by selling higher it's muh security and it's illegal and you're going to jail because only accredited investors from wallstreet can sell higher, us plebs can only buy at ATH

[Anonymous No.9888983]

>>9885659
This is from yesterday. We saw this already. Nothing has changed