CandleFocus Confusing Statement From SEC For Altcoins It Declared Securities
2024-09-13
Author: Content Editor
The U.S. Securities and Exchange Commission (SEC) has caused confusion by stating that it did not intend to imply that tokens themselves were securities. The SEC clarified that when it refers to "crypto asset securities," it is actually referring to a broader set of contracts and agreements surrounding their sale. This revelation comes amid the SEC's lawsuit against Binance. The crypto community responded with skepticism, with many criticizing the SEC's stance and calling it contradictory.
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