SEC rules ICOs are securities

>>2877013
How could this happen to me?)?????

brb shorting ETH 100x

>>2877013
Everyday I lose more faith in shit mETH

If this is a surprise development then you are just as likely to be surprised at the fact that the sun rises every morning. These people are clearly not launching war on unconventional securities. Does this look like how the DEA addresses marijuana legalization? Or does this look like the way the IRS address fraud? This is about as warm of a welcome as anyone could hope for

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Can someone explain for a retard? I'm a retard

>>2877064
yeah what the fuck does this mean

how does everyone know what this mean except me and anon?

were ICO's not paying taxes or something??

>>2877064
>>2877074
ICO's are illegal in their current form.

>>2877074
Down the trashbin eth goes.

>>2877064
>>2877074
Some were complete ponzi schemes. There are like 800 altcoins now, some were only a pump & dumps.

>>2877064
get that asshole ready the gov is coming in

cryptofaggots thought big gov wasn't gonna get theirs lel

>>2877064

It means you are asking others to indulge in their Dunning-Kruger effects.

>>2877074
the basic rundown is:
ICO tokens probably are securities. The simple CYA in the Whitepaper means nothing.
The SEC mentions specifically the DAO (which crashed).

So my opinion is more positive. Should result in less Scamcoins.

>>2877130
But I don't want the wild west to end.

>In light of the facts and circumstances, the agency has decided not to bring charges in this instance, or make findings of violations in the Report, but rather to caution the industry and market participants: the federal securities laws apply to those who offer and sell securities in the United States, regardless whether the issuing entity is a traditional company or a decentralized autonomous organization, regardless whether those securities are purchased using U.S. dollars or virtual currencies, and regardless whether they are distributed in certificated form or through distributed ledger technology.

In other news, OP is a fear mongering retard

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>>2877096
>>2877096
>>2877096

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>>2877109
whats dunning kuger effect

Any cunt who thinks this is bad news get the fuck off /biz/ you came here and ruined the board with your shitty pink meme, wanted mass adoption so you could get rich and now are complaining as cryptos are getting recognised. Fuck off this board, go suck start a shotgun and delete your wojak folder.

>>2877139
it isn't over but "they" are watching

>>2877064
It means ETH is going to be in freefall

>>2877157
Tell me more about how you're an SEC accredited investor. :^)

Just shorted ETH at POLO.

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I am sure some tokens will comply and they will prosper :>)

>>2877186
Probably a bad move. ETH is about to be over $200 again and the ETH/BTC prices are the lowest they have been all day.

It already was defined as securities, what are you retards talking about?

Holy shit? Does this mean I can actually get my money back from that Scam polybius ico I took part in?

>>2877216
Bitcoin could be announced as the new world currency and people would still be here saying it's time to sell

>>2877231
You lost Money on icos? Holly shit you must be dumb enough to buy oregano when someone say it's weed

>>2877262
Don't care. Made good money off eth anyways

>>2877232
You're an idiot if you think mass adoption isn't a time to sell. Don't even care if fiat is no longer accepted, it means I could accumulate even more as they dump their bags of dorra on me. Then when Bitcoin is accepted and everyone wants more than 300 sats each, they hard fork to increase told supply to 21 billion and printing money is no longer around - who has the fucking limited currency then? Me nigger.

>>2877274
Holy shit you are stupid

>>2877278
At least he proved my point

>>2877064
It means that Ethereum and the DAO was a pump and dump pyramidal scheme, and /biz/ is currently under suicide watch.

This is what happens when you let non-scholar pseudo computer scientists build shitty systems like Ethereum and there totally awful javashit-inspired programming language. Enjoy loosing all your money faggots.

>>2877317
learn2read

>>2877317
eth BTFO

That's why amerifats can't buy

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>ITT Americucks think they're the only country in world

The rest of the world couldn't give two shits about this.

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>>2877278
explain the flaw in my logic [spoiler]you can't[/spoiler].

Maybe you can have one of my pennies when they are worth the entirety of the bitcoin supply.

>not understanding increasing value as a derivative as provision of an item is not sufficient to quell the clamouring to obtain said item.

This doesn't mean shit

It just means the SEC isn't going to cover your ass if you get scammed by an ICO