SEC's Crackdown Criteria: Which Crypto Projects At Risk!?
In case you couldn’t tell, I’ve been hyper focused on crypto regulations recently. That’s because institutions need sensible crypto regulations to continue allocating capital into the crypto market. Unfortunately, there hasn’t been much of that in the US.
The SEC has been at the heart of the storm in this regard, and it recently sued the Bittrex cryptocurrency exchange. The lawsuit alleges that six cryptocurrencies are securities, including Algorand’s ALGO. Obviously, this caught the crypto industry by surprise.
That’s why I took it upon myself to unpack the SEC’s reasoning for why these six cryptos are securities. This reasoning might offer clues as to which crypto projects the SEC will target next. Let’s just say that I was very shocked at what I found, and I am very concerned.
You need to watch this ASAP.
⛓️ 🔗 Useful Links 🔗 ⛓️
► SEC Bittrex Lawsuit Full Text: https://www.sec.gov/litigation/compla...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.