There may not end to crypto security in the US?

[Bobcrypto]

When it seems that the pressure on certain coin/tokens called security has died down, unfortunately there are more trouble for them in the US as Coinbase exchanges face lawsuit over unregistered security sales.
As it stands, it like the list of coin/tokens tagged as security may be far from over, as there could more tokens that may be considered security in the US in near future. Do you think there are going to be more token on the list in near future?
Take a look here: https://cointelegraph.com/news/coinbase-lawsuit-unregistered-securities-sales-judge-rules

[bitterguy28]

Do you think there are going to be more token on the list in near future?

well the us sec considers almost all cryptocurrencies to be securities except bitcoin and ethereum

there’s what we call the howey test to determine if something is a security if there is: an investment of money and is in a common enterprise

the supreme court defines an investment contract as a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party with this said i think there will be more coins or tokens to be considered as securities

source: https://www.winston.com/en/blogs-and-podcasts/non-fungible-insights-blockchain-decrypted/when-is-a-crypto-asset-a-security-and-why-does-that-matter-part-i

[Stompix]

When it seems that the pressure on certain coin/tokens called security has died down, unfortunately there are more trouble for them in the US as Coinbase exchanges face lawsuit over unregistered security sales.

Unfortunately?
We speak about the same exchanges that pushed meme coins one day after launch in promos and trading to their consumer, watched the pump and dumps and rugpulls without shame, and then said it's not our problem?

What's unfortunate about that, that's what they should do, label all of their securities, they are issued by LLC, they are ought by a customer with the promise of rising in value, they are centralized, they can be burned or stopped at any time by the issuer, what is even left to argue here?
We need to sop the scams now and this is how it needs to be done!

[hugeblack]

I think in the next few months we will have a clearer regulatory framework that will answer all these questions and then we can know whether these tokens will be digital assets or securities trades.

[target]

Its very unfair to those tokens on top to be considered security when they are just the same with ETH or BTC technology. As far as I know they can be sued if they launched the pre-sale where US citizen can also purchase so that's one ground they can sue the team.

I think in the next few months we will have a clearer regulatory framework that will answer all these questions and then we can know whether these tokens will be digital assets or securities trades.

That's what we have been waiting for even in the time of Biden where governments are actively doing lots of regulations. In Trump's time I think he can make this regulatory framework a priority.

[MrSpasybo]

When it seems that the pressure on certain coin/tokens called security has died down, unfortunately there are more trouble for them in the US as Coinbase exchanges face lawsuit over unregistered security sales.

As it stands, it like the list of coin/tokens tagged as security may be far from over, as there could more tokens that may be considered security in the US in near future. Do you think there are going to be more token on the list in near future?

We should not completely deny the work and role of the SEC. There are still many new tokens in the market that fall into the securities category: teams promise to share profits with investors if their business is profitable, which was very common for ICOs in 2017. The SEC's duty is to handle those projects to protect investors. 

Over the past four years, the SEC under Gary Gensler has abused this power to suppress the crypto market with numerous baseless lawsuits targeting the most potential tokens in the market instead of protecting investors. This will change permanently because the new chairman, Mark Uyeda, is a crypto supporter. He will protect the crypto market by eliminating fraudulent projects.

[yhiaali3]

Personally, I am in favor of considering the majority of these cryptocurrencies in the market as securities, with the exception of Bitcoin, Ethereum, and some coins with good projects that have proven their need and presence in the market, the majority of these cryptocurrencies are worthless.

I am in favor of imposing more strict restrictions on worthless cryptocurrencies that have no real projects, it is better to cancel them from the market because they have caused thousands of investors to lose millions of dollars, especially meme coins and shit coins.

[Z-tight]

The truth is that many of these tokens and coins are actually securities, so they should be treated as such, i know many of these exchanges just want to simply list these shitcoins to their customers, they do not even care if they get scammed or lose all their money to them. Coins that are securities should be identified as such and regulated accordingly.

[PX-Z]

Do you think there are going to be more token on the list in near future?

well the us sec considers almost all cryptocurrencies to be securities except bitcoin and ethereum

there’s what we call the howey test to determine if something is a security if there is: an investment of money and is in a common enterprise

Right, this is the right way to check any tokens or coins to be considered as securities, other than that no need to ask or speculate a coin if security or not because it's already defined from the Howey test. Most of these were considered  on ICO era.

[TomPluz]

I am expecting many changes in SEC in the coming many months but it does not mean that it should not be doing its job properly...and one of its job is making sure that securities are properly labeled as such. We should not expect that every project and platform will be given a blind pass...no that is not the way it should be. What we should expect is that SEC will be cautious on everything it is doing and will not blindly prosecute anything that it faces on the wall. And also that it would be so transparent and let the whole world to see on its many decisions.

[Stompix]

Over the past four years, the SEC under Gary Gensler has abused this power to suppress the crypto market with numerous baseless lawsuits targeting the most potential tokens in the market instead of protecting investors. This will change permanently because the new chairman, Mark Uyeda, is a crypto supporter. He will protect the crypto market by eliminating fraudulent projects.

Yeah, we see the results of Gray leaving the SEC.
The F* president of the USA has done a rugpull with 200 000 buyers losing money and nobody does anything.
One year into this madness everyone will come to their senses and realize Gary was the best thing for crypto.
 

[philipma1957]

I think in the next few months we will have a clearer regulatory framework that will answer all these questions and then we can know whether these tokens will be digital assets or securities trades.

More like next year  or so.

[Faisal2202]

When it seems that the pressure on certain coin/tokens called security has died down, unfortunately there are more trouble for them in the US as Coinbase exchanges face lawsuit over unregistered security sales.
As it stands, it like the list of coin/tokens tagged as security may be far from over, as there could more tokens that may be considered security in the US in near future. Do you think there are going to be more token on the list in near future?

A year ago there were many lawsuits on this list against various companies and XRP was on top and see where is XRP now, I had this thought in my mind about XRP that it will do wonders in Trump era but I did not bought any xrp sadly.

But that's not the point, the point is lawsuits are not bad, with time and consistency, they turn out to be good for the project if the case does not take any bad turns due to the genuine mistake of the project.

I don't find these lawsuits anymore a threat; I don't know why but they more seems like a marketing technique now haha the most expensive one. Well, it being a security is not the problem being the unregistered security is the problem.

[Aanuoluwatofunmi]

When it seems that the pressure on certain coin/tokens called security has died down, unfortunately there are more trouble for them in the US as Coinbase exchanges face lawsuit over unregistered security sales.

Maybe from the actual conditions, nothing is dying down for now, they may only be tired of using the same approach in raking attacks, but this time around, you could see that they have developed more wings and engage new routes on attacking crypto, they may chose to call it whatsoever name it feels good to them, we know what they are up to, the attack may not stop oe ended like that, they are only transcending form one stage of attack to another.

[Z-tight]

but this time around, you could see that they have developed more wings and engage new routes on attacking crypto, they may chose to call it whatsoever name it feels good to them, we know what they are up to, the attack may not stop oe ended like that, they are only transcending form one stage of attack to another.

This is not really about attacking crypto or stuffs like that, this is about stopping perpetual shitcoins from scamming people and launching coins that are designed to simply rug pull investors and make their developers rich. I believe you will want such coins, tokens and projects to be regulated, won't you?