Do you agree with this?

in #bitcoin10 months ago

I thought the SEC didn't get to decide what is or isn't a security?

Now people and projects are running for the hills because of the SEC security label.

Check it out:

image.png

(Source: https://cointelegraph.com/magazine/binance-coinbase-head-to-court-and-the-sec-labels-67-crypto-securities-hodlers-digest-june-4-10/)

These projects are being labeled securities by the SEC because they say so.

I thought the courts decided what was a security and what wasn't?!

The SEC can give their opinion, but the courts need to weigh in on this...

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