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
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2) This is also consistent with the / / / bill, and with / .
And it's consistent with what and others have said publicly.
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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 / drafted--
as well as what and others have argued for from the customer protection angle
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We agree, regulation is inevitable but over regulation helps no one.
Thanks for your thoughts here sam!
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It would be reasonable if they provide clear guidance on how to determine a security vs. commodity as it relates to crypto. It's insane to me they namedrop two tokens and then you have to guess whether ETH like tokens (SOL, AVAX, OP, STARK, etc.) are also commodities then or not
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Like how are we supposed to know whether it's because of some arbitrary decentralization requirement or because of the underlying structure of PoW/PoS tokens or because of both? It's literally guess work unless they are more specific
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