List of cryptos the SEC believes to be securities is now revealed — $XRP not on it. Ripple $ADA $BNB $SOL Cardanonews
The SEC has recently been conducting quite an aggressive campaign againstbut Bitcoin and Ethereum, claiming that pretty much all digital tokens are in fact unregistered securities since there are developers who sell their tokens to investors, and those investors expect profits from those digital currencies. This is similar to the principle on which shares, stocks and other securities work, according to the chair of the U.S. regulator, Gary Gensler.
Gary Gensler is positive that Bitcoin is the only cryptocurrency that can be free from the labels of a"security." As for Ethereum, his stance here remains somewhat unclear as he recently stated that the second biggest cryptocurrency might still be a security. Cardano's native token ADA has also been on the list of securities recently, and founder of IOG Charles Hoskinson, the company behind Cardano blockchain, has opposed that opinion several times on his Twitter page.
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