SEC PERSPECTIVE

According to the SEC, what are securities? The complete list so far that we have from the SEC now. There's some really old dead coins on here like Paragon which was like some you know weed-based coin. There's Dragon chain other ones as well but the ones we're interested in are some of the biggest coins in the cryptocurrency markets right now. Coins like Cardano, XRP, TRON, BNB Solano, Matic, Axie Infinity, Algorand, Dash and More. However, big crypto protocols they are hitting back. They are speaking up, they are Solana came out and said that they disagree. Although, they did not say why in particular they disagree but they said we disagree. The Polygon team pointed out that they made Matic outside of the USA deployed, Matic outside of the USA and they focus on a global effort with the vast majority of their users based outside of the USA.

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These assets being listed as Securities would not be like the end of the world even though in many cases is they are simply not Securities. They do act like software, they are more like digital Commodities but the SEC has made it almost impossible for any company to even come in and register. Even if they wanted to a couple have but it's very difficult the process is super non-transparent. Apparently, Coinbase has a license to list Securities but it is the SEC that won't allow them to use that license to list securities.

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The SEC can claim all kinds of crap in its complaints to the courts but it doesn't mean that they are facts. The SEC can literally say that Unicorns are real and that Unicorns are Securities if they wanted to. But that doesn't matter, they can say whatever they want and until a judge rules on and says that Unicorns are indeed Securities and are real. This is all gonna be a case for the judges to decide in the courts. What is not a security according to the SEC perspective? Bitcoin for certain is not a security, Ethereum probably not although there have been some conflicting statements from the SEC in this regard. Proof of Work coins like Monero, Litecoin and Dogecoin definitely not Securities, at least so far. Polkadot interestingly not a security and is being classified by the SEC as software. There are a few other outliers like Stacks and INX that are not Securities or which are securities and are registered as such.