Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on June 10, 2022, 01:01:37 AM

Title: Gillibrand and Lummis state that most altcoins are securities
Post by: newshunter on June 10, 2022, 01:01:37 AM

Gillibrand and Lummis state that most altcoins are securities

“Most cryptocurrencies go to the SEC [...] Bitcoin and Ether would be certainly commodities, and that’s agreed upon,” said U.S. Senator Kirsten Gillibrand.

Source: Gillibrand and Lummis state that most altcoins are securities (https://cointelegraph.com/news/gillibrand-and-lummis-state-that-most-altcoins-are-securities)

Would appreciate your opinion about this

Title: Re: Gillibrand and Lummis state that most altcoins are securities
Post by: Alcor on June 10, 2022, 12:23:27 PM

There is still a lot of controversy about this, and this is unlikely to have a positive impact on the stability of the cryptocurrency development. Indeed, the cryptocurrency has a lot in common with the securities market. At the same time, it also has significant differences. It's just that the states need to come to a common opinion and approaches on this issue. The sooner this is done, the less damage it will cause to the cryptocurrency.