HAL1000 Posted July 13, 2021 Share Posted July 13, 2021 Julian_Williams 1 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13, 2021 Author Share Posted July 13, 2021 (edited) Full interview here:- https://www.coindesk.com/video/sen-toomey-regulators-should-not-impede-the-development-of-crypto His stance on CBDC's is interesting. Edited July 14, 2021 by HAL1000 macropolo 1 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13, 2021 Author Share Posted July 13, 2021 The Howey Test attempts to determine if there is an "investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others." If you watch Chou's analysis of the SEC's claims about XRP holders in effect being shareholders in Ripple, then if XRP is classed as a security, then does that mean US XRP holders are entitled to profit sharing if Ripple do well, as per the Howie test? After all, that is what the SEC are claiming and that is what Deaton's motion is all about:- ------- ------- Also, if we don't get a cut, can we complain to the SEC! Moreover, if we don't get paid out as shareholders, can we sue these companies for selling us these securities even in secondary markets? Multiply this insanity, by all the cryptos the SEC wish to class as securities in the US, should make you think. I am of course trying to point out the stupidity of the SEC's stance on all this, if you hadn't guessed Link to comment Share on other sites More sharing options...
NightJanitor Posted July 14, 2021 Share Posted July 14, 2021 why, there was some older fella in Pennsylvania just today - think his name was Joe something? said "from Scranton." Link to comment Share on other sites More sharing options...
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