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Author Topic: Is Ethereum security ? Looks like IT is . Check this:  (Read 153 times)
XbladeX (OP)
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July 27, 2017, 09:06:15 AM
Last edit: July 27, 2017, 09:26:51 AM by XbladeX
 #1

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 : ) ?

Request / 26th September / 2022 APP-06-22-4587
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