Conversation

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.

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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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and would open the door for BTC and ETH spot-based ETFs...

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NOT LEGAL ADVICE but I do think that having a federally regulated spot market would go a long way!

1:27 PM · Sep 8, 2022Twitter Web App

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Im not sure you will be allowed to frontrun customers though sam

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Yes time for spot #bitcoin ETF GBTC

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Are you guys still recycling old narratives?

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He said Long!! Im opening a x100 one, thanks for the financial advice

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Oh Boy Here We Go Again GIF

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read image description

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Lord Duncan III

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When politics are involved it’s more complex than one might be led to believe……💯

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yea bc ur a straight up scammer

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Aka 'covering your assssssets'

Yes Nod GIF

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Saying this from the start. Multiple regulated spot btc markets against CASH not stablecoins, with surveillance, you will get your spot etf

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agree, since most like Solana are securities $SOL

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