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> Anyone: "Okay then, is [insert ANY crypto here other than BTC] a security?"

The SEC has been super clear for most crypto except Bitcoin and Ether.




Really? Where can I learn about which cryptocurrencies constitute securities and which don't? Is there a list?


> Where can I learn about which cryptocurrencies constitute securities and which don't? Is there a list?

Yes. Start with the SEC’s complaint against Coinbase: SOL, ADA, MATIC and ten others [1].

Beyond that, ask a securities lawyer or ask the SEC. Coinbase did. The SEC answered. Coinbase didn’t like the answer, and focussed its messaging on irrelevant statements (or a lack thereof) by Gensler about Bitcoin and Ether. If someone only cash traded those two, they would have a legitimate argument against the SEC’s ambiguity. But practically nobody does: instead they operate unlicensed and illegally-configured securities outfits.

[1] https://www.sec.gov/litigation/complaints/2023/comp-pr2023-1... 114




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