Cryptocurrency Q&A
Which cryptocurrencies have been deemed securities by the SEC?
Which cryptocurrencies have been deemed securities by the SEC?
Caterina
Tue Jul 09 2024
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6 answers
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In the realm of cryptocurrency and finance, a pivotal question looms large: which digital currencies have been classified as securities by the esteemed Securities and Exchange Commission (SEC)? This classification holds significant implications for investors, traders, and market participants alike. The SEC's decision to label certain cryptocurrencies as securities not only alters their regulatory landscape but also impacts their liquidity, accessibility, and overall market dynamics. With the ever-evolving nature of digital assets, it's crucial to stay abreast of which cryptocurrencies have fallen under the SEC's securities umbrella and how this categorization affects their status within the financial ecosystem.
6 answers
KatanaBladed
Thu Jul 11 2024
The classification of XRP as a security comes as a result of the SEC's scrutiny of the digital asset and its use in the Ripple ecosystem.
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Caterina
Thu Jul 11 2024
LBRY's LBRY Credits (LBC) were also deemed a security by the SEC, though not for secondary sales.
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Martino
Thu Jul 11 2024
This distinction indicates that the SEC views the initial issuance of LBC as a security offering.
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HanRiverVisionaryWave
Thu Jul 11 2024
The SEC has designated several cryptocurrencies as securities, including Ripple's XRP.
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Nicola
Thu Jul 11 2024
Alongside XRP and LBC, the SEC named Algorand (ALGO) as a security when it filed charges against the cryptocurrency exchange Bittrex in April.
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