Cryptocurrencies might become securities according to SEC

[Ladysmith]

The former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities.

https://cointelegraph.com/news/former-cftc-chairman-gary-gensler-icos-should-be-considered-securities

"This means that issuers of coins would have to comply with certain laws, register with the SEC, and disclose specific information like a description of the organization’s properties or financial statements."

If the crypto industry is going to evolve, investors need to be protected. I don't see this as a bad thing. There will still be other tokens that will never be considered securities for those against this possibility.

How will ICO's being classified as securities affect the crypto market?

[Ini35]

The former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities.

https://cointelegraph.com/news/former-cftc-chairman-gary-gensler-icos-should-be-considered-securities

"This means that issuers of coins would have to comply with certain laws, register with the SEC, and disclose specific information like a description of the organization’s properties or financial statements."

If the crypto industry is going to evolve, investors need to be protected. I don't see this as a bad thing. There will still be other tokens that will never be considered securities for those against this possibility.

How will ICO's being classified as securities affect the crypto market?

If all ICOs become security token, the volatility of crypto will be reduced and this will provide investors with  more trust in the system.
Although, i do not see the possible of all tokens become security tokens, because some might still be bent on full decentralization.
Security tokens most times operate on centralized system, guided by regulations which must be followed strictly.

[markdario112616]

Well, it will fall in the argument of decentralized and centralized system. Given the scenario that the ICO tokens will be accepted by SEC, these possible tokens will be regulated as per law. The decentralization nature of the industry, would initially be disrupt by the regulations set by SEC. Then there might also be a possibility in which SEC, will require every ICO tokens to be registered.

[Asimmo]

I don`t understand, how BTC maximalists dream of ETF and KYC procedures, and tons of regulations that ETF will bring..
You guys - are against Satoshi..

[Invest-or]

Nothing new at all, as anything that promises a revenue, dividend or similar, even a verbal agreement is considered a security and has to comply with the SEC rules if US residents can buy.

[Sifon]

ICOs considered as securities will have been regulated by the SEC and that's the only way they will be open to investments from citizens/residents of the U.S. I'm all for regulations. I think it's one of the factors that will determine how far cryptos will be go. Regulations will edge out scam artists as well who who simply launch ICOs just to fleece the investing public.

[Razick]

We all knew about this for a long time and the only reasons that cryptocurrencies are not being used as securities yet is because there is no kind of regulation on the market right now. Once regulations are being put in place then cryptocurrencies are going to be used as securities. It is only a matter of time before they are being used on a large scale

[disconnectme]

I don`t understand, how BTC maximalists dream of ETF and KYC procedures, and tons of regulations that ETF will bring..
You guys - are against Satoshi..

I doubt your claims, those calling for ETF and KYCs are the new set of people that entered into the space like five years ago. I have read an article by BTC maximallists rejecting the idea of ETF, but what do you do in a free market, market is there to hose what they want. I think people don't really know what they want because there is no way you are selling token to people in the hope of them making profit from it and won't be classified a scam, I think it is time we embrace something like merger mining instead of selling ICOs to people.

[grumpy619]

I think that such news will shake the crypto market and will cause panic sale of many coins that fit the definition of security tokens. And these are all tokens that imply the payment of dividends to their holders. But this will be a temporary panic, in General, regulation is a good sign for investors.

[BTCreward]

And it will be quite the right decision. At the moment, many tokens can be regarded as securities. Decentralization I think is already broken, so how many coins is in someone else's hands. Whales are playing the market.

[bigcash2011]

I think there is nothing wrong in it and the tokens that represent the business of the project and the investors are to be provided with the profit should be declwred security tokens immediately, yes there will be some compliance and regulatory issues but those can be resolved by following a registering and kyc procedure.

[Ethigokath]

The cryptos will then be regulated by the SEC. Whether this regulation will bring good or bad can't be predicted early. Just need to wait for the future.

[Miminaha]

The former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities.

https://cointelegraph.com/news/former-cftc-chairman-gary-gensler-icos-should-be-considered-securities

"This means that issuers of coins would have to comply with certain laws, register with the SEC, and disclose specific information like a description of the organization’s properties or financial statements."

If the crypto industry is going to evolve, investors need to be protected. I don't see this as a bad thing. There will still be other tokens that will never be considered securities for those against this possibility.

How will ICO's being classified as securities affect the crypto market?

well i th8nk that cryptocurren y is our future and we shpuld respect that and we need to u derstand that we are responsible for our income

[Wigowien]

This is basically regulation in new shell. Some coins eventually will be SEC regulated. But all of them being regulated means death of decentralization

[Onardonwan]

The cryptos will then be regulated by the SEC. Whether this regulation will bring good or bad can't be predicted early. Just need to wait for the future.

[tycsols]

Even now im fan of security tokens, it will be good news for investors if SEC declare all new project based coins as securities this will also give crypto a more legit and compliant structure and it would compete with traditional equities and stocks and im sure will outperform them due its innovative features.