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1) I'M NOT A REGULATOR, THIS IS NOT LEGAL ADVICE but: my current best guess is consistent what

says: that the CFTC will regulate spot + futures for non-security tokens, and the SEC will regulate spot + issuance of tokens that are securities

SEC’s Gensler Signals Support for Commodities Regulator Having Bitcoin Oversight

SEC chief Gary Gensler says he looks forward to working with Congress to give the Commodity Futures Trading Commission added power to oversee and regulate crypto nonsecurity tokens and related...

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2) This is also consistent with the

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bill, and with

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. And it's consistent with what

and others have said publicly.

1:20 PM · Sep 8, 2022Twitter Web App

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3) It seems pretty likely that BTC, ETH, and many forks/variants will not be securities; and that many other tokens will be securities. (How about other large tokens? Or futures or swaps on security tokens? Or tokenized stocks? And what exactly is a stablecoin? We'll see!)

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4) And, for what it's worth: I think this is all pretty reasonable; and a resolution providing regulatory oversight along these lines would be healthy for consumers, protect against risk, prevent scams, give clarity to the industry, and allow liquidity to come back to the US.

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5) And it's consistent with what

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drafted-- as well as what

and others have argued for from the customer protection angle

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A+ on playing politics with this as your #2 post.

is the SΞXIΞST RΞD $FRG

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So you believe that centralization is KEY to mass adoption? 🤔

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In other words, for the US, access to the wealthy and ONLY the wealthy is the key here...

Breakfast4dinner

@Breakfast4dinn2

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So your just not gonna mention XRP in this thread ?..

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