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The SEC is advancing an aggressive and disastrous new standard
that would make almost all blockchain tokens securities.
Classifying all 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 ETH. The SEC additionally claims that token
sales are sales of securities too!
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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