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SEC Blames Us, Not Their 200-Year-Old Dictionary for Token Securitization Fiasco

A comic illustration of a 200-year-old dictionary being held accountable by a modern-day SEC official for unclear definitions leading to token securitization fiasco.

SEC ‘regrets any confusion’ from dubbing tokens as securities: filing? More like SEC regrets getting caught red-handed for being a bunch of bureaucratic buffoons who can’t even get their own definitions straight!.

Source: cointelegraph

According to a footnote in a Sept. 12 court filing, the United States Securities and Exchange Commission has retracted its longstanding characterization of cryptocurrencies as “securities” and intends to use more careful language in the future.  The retraction arose from the SEC’s ongoing lawsuit against crypto exchange Binance for allegedly offering and selling unregistered securities. In a 2023 complaint, the SEC identified 10 crypto assets on the Binance platform as […]

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