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The SEC is advancing an aggressive and disastrous new standard
that would make almost all blockchain tokens securities.
Classifying all actively-developed blockchain tokens as securities will be a
bureaucratic nightmare for United States residents and businesses
operating in the US.
Under this new standard, almost any token is a security, including
the previously safe Ethereum. The nature of technology is that it is never "finished"!
This change will make it much harder for startups to form new
blockchain companies, cause massive job loss, and stunt the
development of a critical new technology. All the while, big tech
and Wall St. prosper!
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