Cryptocurrency NewsNear impossible to know what is and isn't a security

Near impossible to know what is and isn’t a security

One of the most recent industry leaders to criticize SEC for allegedly neglecting to give cryptocurrency startups a clear registration route is billionaire investor Mark Cuban.

On June 11 the investor from Shark Tank claimed in a tweet that the SEC’s paper titled “Framework for ‘Investment Contract’ Analysis of Digital Assets” does not have any registration leading to significant uncertainty regarding the classification of securities in the cryptocurrency world.

“Unfortunately none of the elements presented in this page are part of the registration process. Which makes it near impossible to know, with or without an army of securities lawyers, what is or is not a security in the crypto universe.”


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