“federal securities laws apply to those who offer and sell securities in the United States, regardless whether the issuing entity is a traditional company or a decentralized autonomous organization, regardless whether those securities are purchased using U.S. dollars or virtual currencies, and regardless whether they are distributed in certificated form or through distributed ledger technology.”
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Good evening all! This is a major blow to the emerging crypto currency. I believe the past decade may have been a trial run by several governing entities to see how people will take to the next generation of currency. I do not know if the cryptos will recover from this, be ready for massive dumps across the boards. We all know anything on a computer can be tracked, regardless of what they tell you. And we know anything can be hacked as evidenced by the numerous glitches thus far. I would be ready for the cryptos that come out from Russia and China as State run currency, which should be somewhere around 2020 give or take 5 years, tough to know how far along they are from these test runs. But we know they are close, because they are now trying a new tactic by regulating them, which I know everyone here fully expected. If your new to this stuff, do not be fooled into thinking for 1 second that this is governing attempts to actually "regulate" cryptos, this is simply them trying to beta test more and see how people will react. Also bear in mind not all cryptos are created behind dark room closets in governing facilities, but the ones that jump out the most and are making the most profit most likely are. You have to remember, if you can print endless money and then use it to by crypto currency, you still in effect are completely running the show. Big highs, big crashes, just like the stock markets in my humble opinion. Take care and feel free to comment in my new works! I truly appreciate hearing from everyone as it broadens my views, be it positive or negative!
This is a very bleak view, but it does have some ring of truth!
Thanks for the reply! You definitely bring out some good points!
Great article. We have to united and audit ourselves as a community or the government will step in. Not that they need a reason.
Hey all, do not forget to up vote each other! Great discussion
Looks like the heavy hand of the Central Banks has finally recognized the threat of crypto-currencies and is taking legal action thru the long arm of the SEC. How long now before they develope a one-world Central bank crypto-currencies and declare ownership of all competitors to be terrorists?
If we enjoy the freedom of a decentralized currency, action needs to be taken now! Contact your Senators and congressmen and tell them to butt out!
They can't stop our freedom in the cryptosphere so there is no need. They tried to make digital stamps for emails too - remember? Flunk!
Tried? By the time you hear about it, its already done. They just don't let YOU see it. I.T.s know all the good secret stuff ;)
Lol, I wish....I always get their secretaries who state," Well, I have not heard anything about that.....I will be sure to pass the message on!"
This post received a 4.0% upvote from @randowhale thanks to @melowd! For more information, click here!
This post has received a 15.42 % upvote from @booster thanks to: @melowd.
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So do you think I should change?
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19.29% upvote thanks to @melowd - Hail Eris !Dash is indeed looking ahead for various walls to stop before they get there, however do not forget the overall agenda of the release of all cryptos, people are completely speculating on a unproven future asset. A VERY dangerous game indeed. Stick to in hand tangible assets, only because of the current economic conditions. Grabbing onto a great white shark in the hopes it will bring you to shore from a sinking boat, is a VERY bad idea.
wow, sounds like your getting back into things though, I have heard great things about that diet although I'm not sure I would enjoy it much. What cause you to go on the street if you don't mind my asking in public. There is no reason people of today should be in a bad spot like that. Greed is everywhere and people pay the price.