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0 pointshermanubis1y ago0 comments

In the US you can’t grant coins any ownership or benefits that might vary in value. Meme coins are the only legal crypto so that’s all you get. It’s like Obama only legalizing giant pickup trucks.

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Aurornis1y ago

We had an entire saga of ICOs launch and fail to deliver value.

The notion that laws are preventing a golden age of crypto prosperity doesn’t make any sense. There are numerous countries where these coins can operate and they still don’t deliver any of these claims.

> It’s like Obama only legalizing giant pickup trucks.

What a weird claim. I assume you’re talking about CAFE regulations, but with an extremist conservative talking point twist.

This is a favorite talking point, but people conveniently ignore the fact that we have small and fuel efficient pickup trucks that people don’t buy. Honda made a FWD unibody pickup that fit many needs, but people just don’t want it.

Not to mention the fact that the CAFE regulations were 2025 targets, or that we have had multiple presidents since then and different political parties have had their chance to change things.

Yet blaming Obama is fun, so let’s go with that.

coffeebeqn1y ago

Has anything really changed since the ICOs? It’s just the same scams being wrapped up slightly differently but in the end 99.999% of these coins are net negative value to the world and their “investors”

hristov1y ago

Yes you can. Of course if your crypto is a security you have to treat it as a security, you have to register it file a prospectus, etc., but it is doable.

RC_ITR1y ago

The idea that “you must be regulated as a security” and “you cannot issue” are synonymous is one of the weirder parts of modern crypto.

necubi1y ago

Can you name a single ICO that produced something of value before the SEC cracked down on what are (obviously) unregistered security offerings?

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