The United States Commissioner in Securities and Exchange Commission, Caroline Crenshaw, issued a dissident opinion on the recent dry position that the same are not titles.
According to the Commissioner’s declaration on February 27, same could satisfy Howey’s testing to take advantage of the management efforts for others due to coordination between developer teams and promoters.
The commissioner added that most of them, if not all, cryptocurrencies could be defined as the same, under the recent dry directives, which was published on the same day. In these directives, the agency said that the same represents online social trends with speculative value and high volatility – and are not titles. Commissioner Crenshaw, however, has a different point of view:
“Today’s declaration depicts the documents even as cultural projects whose aim is entertainment and social commitment. The reality is that the pieces even, like any financial product, are issued to earn money. »»
The same has become a clearer objective after several scams, pirates and even the same presidential launches which threaten the long -term viability of the sector and invite a meticulous examination of state officials.
The official action of Trump tokens prices collapsed spectacularly after its launch. Source: Tradingview
In relation: The frenzy of the Solana tokens tyana loses steam while the same becomes burning
American regulators and legislators are trying to reign in mecoins
After the same launch of American President Donald Trump, several Democratic legislators, including Elizabeth Warren, called for an investigation into the potential violations of the ethics of the presidential token.
On February 27, the Californian member of the Congress Sam Liccardo announced that the Democrats of the Chamber were preparing a bill that would prohibit presidential meal.
The proposed bill, entitled “The modern law of emoluments and embezzlement (even)”, prohibit American legislators from sponsoring, issuing or approving any digital active.
In addition, the spouses and the dependents of the American representatives, the president, the vice-president and the senior officials of the executive branch are also prohibited to issue or sponsor the same by virtue of the bill.
Lawyer Elizabeth Davis, a former chief lawyer of the Commodity Futures Trading Commission (CFTC), recently argued that even the same should be regulated by the CFTC.
Davis told Cointtelegraph that if the regulator of raw materials obtains regulatory monitoring on crypto, there is a high probability that the same is included in their competence.
The lawyer has also expressed his confidence that the full same regulations would be established in the United States in the next year – ending the regulatory ambiguity surrounding social tokens.
Review: Samecoins: betrayal of crypto ideals … or its real goal?
