Khaleesi Posted August 18, 2017 Share Posted August 18, 2017 Extract from Shapeshift response; "In light of the SEC’s statements, we will need to adapt our service offering to ensure it’s not mischaracterized as a “securities exchange.” To err on the side of caution, we may need to halt our inscriptions to certain blockchains. This means that we may need to delist some types of tokens from the platform, which is unfortunate for our users who have enjoyed the ability to participate in these experimental and innovative technologies. We have thus instructed our counsel to examine the tokens available on ShapeShift, especially through the lens of the Howey Test, which is the test the SEC applies to determine the presence of a security. As that analysis is done, certain tokens may be removed from the service for individuals within the United States, who will then no longer be able to interact with these technologies safely or transparently through the ShapeShift platform. Additionally, we will consider the application of the Howey test to all new tokens we list. " https://info.shapeshift.io/blog/2017/08/17/shapeshift-and-tokens-securities Hodlezerper, SimpleLife, fourthjohn and 5 others 5 3 Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now