The American Securities and Exchange (SEC) commission said that the documents even do not fall under the category of titles in accordance with federal laws. The SEC announced through its declaration of February 27 according to which the pieces even operate as collectibles rather than financial titles.
The pieces even exist outside of traditional securities regulations because they do not correspond to the definition of actions or other titles. Dry declared Whether the coins lack the characteristics of the titles because they do not guarantee profits or income.
The SEC has issued a warning concerning fraudulent activities involving pieces even, but said that such activities could trigger measures from other government authorities. The agency declares that deceptive promotional activities and parties related to the same parts could trigger legal sanctions.
According to the SEC press release, “a piece of memes does not constitute any of the common financial instruments specifically listed in the definition of” security “because, among other things, it does not generate yield or does not transmit rights to future income, profits or assets of a company. In other words, a piece of meme is not itself security. »»
The SEC does not directly regulate the parts even, but the federal and state agencies could intervene when they discover deceptive activities. The cryptographic community has positively received the clarification of the SEC, because experts predict that it will motivate more investors to participate in the American cryptography market.
News from improving regulations have led to minor stock market gains in Coinbase and Robinhood because he created conditions so that the parts even could lister without facing legal challenges.
The Act on the Application of Modern Movements and Maloves (even) proposed by the Democrats of the Chamber intends to arrest civil servants, including politicians, to take advantage of the approvals and launches of the meth.
Trump’s play has experienced Swift market fluctuations after its launch by President Trump while arousing concerns about political interference in the meme parts sector.
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