There are some cryptos that are securities but the vast majority are not. The government wants to classify them as such but they really dont meet the definition. This statement shows how much you know about crypto.
Ha ok. You're probably a 40 or 50 something who watched a crypto video once and thinks they know what crypto is all about. Anyone who says everything but Bitcoin is a security either doesn’t understand crypto, doesn’t understand what a security is, or is misinformed by others who also dont know. Thats why FIT21 was passed in the house to bring clarity to all these coins and tokens (do you even know the difference?) because they dont fit into any current definition. Either way you’re obviously a crypto noob. Thats why what you think is the same thing Gary Gensler thinks. Study up.
Obviously, I touch a sore spot. No need to over react. Time will tell how these coins will be regulated and valued. BTC is considered a commodity. All other coins that I know of are an investment in a particular company that issues them. And, no I'm not a genXer.
There are some cryptos that are securities but the vast majority are not. The government wants to classify them as such but they really dont meet the definition. This statement shows how much you know about crypto.
Actually, shows how little you know, just saying.
Ha ok. You're probably a 40 or 50 something who watched a crypto video once and thinks they know what crypto is all about. Anyone who says everything but Bitcoin is a security either doesn’t understand crypto, doesn’t understand what a security is, or is misinformed by others who also dont know. Thats why FIT21 was passed in the house to bring clarity to all these coins and tokens (do you even know the difference?) because they dont fit into any current definition. Either way you’re obviously a crypto noob. Thats why what you think is the same thing Gary Gensler thinks. Study up.
Obviously, I touch a sore spot. No need to over react. Time will tell how these coins will be regulated and valued. BTC is considered a commodity. All other coins that I know of are an investment in a particular company that issues them. And, no I'm not a genXer.