Confused with this whole SEC going after Security Coins thing...

[therewillbecoins]

to make things short... I'd like to develop my own coin, but I hear that the SEC is going after Security Token coins.  I'd like to make a satirical POS scrypt based coin, but since it would be POS doesn't that qualify as a security? I just don't want to get rolled by the SEC when I just want to make a coin for fun, so any clarifications would help! Thanks so much

[charlie137]

maybe this will clarify a bit https://www.cnbc.com/2018/03/07/the-sec-made-it-clearer-that-securities-laws-apply-to-cryptocurrencies.html

SEC (that thinks its 1945) themselves are still too far from understanding the whole platform, not to mention the development of any regulations for it. so things could change upside down in a heartbeat)

but from what i understand - coins are fine. but tokens and everything that looks like ICO (presale, auction?) better to start thinking about the future)