Jonathan Netherton
Aug 27, 2017 · 1 min read

I thought that it was only tokens that the SEC was considering securities, since they’re backed by another asset for which the token holder can exchange their tokens. We have to differentiate between coins and tokens in this case.

At any rate, even if tokens are labeled as securities, it’s not like any plain prole on his computer can’t already buy securities through an existing bank since they define anyone that plunks fiat on that security to be an investor doing business with the company holding the security.

I think the SEC can clear a lot of smoke with a simple statement to this effect and create a lot of investor confidence, though I think the cryptoanarchist spirit of many cryptocurrency developers will hang onto any sensationalized announcement as reason to keep running to where the only market protection is the utterance of ‘caveat emptor’ repeatedly.

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