This is a plea for help from Odyssey/Lbry TV (one of the few free speech video platforms left in existence). https://helplbrysavecrypto.com/
The SEC is advancing an aggressive and disastrous new standard that would make almost all blockchain tokens securities.
Classifying all actively-developed blockchain tokens as securities will be a bureaucratic nightmare for United States residents and businesses operating in the US.
Under this new standard, almost any token is a security, including the previously safe Ethereum. The nature of technology is that it is never "finished".
This change will make it much harder for startups to form new blockchain companies, cause massive job loss, and stunt the development of a critical new technology. All the while, big tech and Wall St. prosper!>
Odyssey is awesome, great place to find content and they pay their content creators in their own Crypto. According to the devs over at c/meta they are going to implement embedding oddysey videos on the .win network soon, so that should tell you something about odysee.com if you didn't know already. either way TPTB are trying to stop crypto in it's tracks across the board just trying to bring awareness.
Yeah this fucking sucks. There's an old reggae song "Police in Helicopter"
It goes "If they continue to burn down the herb then we're gonna burn down the cane fields"
I say if they tax and label the crypto as securities we'll turn telecom into public utilities.
Peter Thiel (Paypal co-founder, pro-Bitcoin) recently stated that Bitcoin could be a threat -- that China could use Bitcoin as a financial weapon against the US dollar. Thiel is pro-bitcoin so it's interesting that he would come out with this sort of statement.
Weakening the dollar would be a serious threat to the American way of life.
And news flash... The dollar is fiat based on nothing. Check lumber prices they're soaring right now.
I agree
This is required. Bitcoin, ethereum, everything else that's become criminal currency controlled by CIA and CCP need to die before we can move into Quantum. This is great news!