|
Title: Is Ethereum security ? Looks like IT is . Check this: Post by: XbladeX on July 27, 2017, 09:06:15 AM https://cointelegraph.com/news/tim-draper-speaks-on-sec-securities-decision
Quote In a spirit of clarity, Draper suggested a series of guidelines to manage the status of tokens as securities. 1. If the purpose of a token is for investment, it must register with the SEC. 2. If the purpose of a token is for societal transformation, and all proceeds go to the support and development of the token, it need not register. 3. If the purpose of a token is to raise money for a company, and the money is used to support the company, it must register with the SEC. Etherum definietly met 1st and 3rd criteria . What do you think : ) ? |