I met with the SEC Friday, presenting my interpretation of the only two types of coins: stokens: security token — tokens: commodity or currency
I met with the SEC Friday, presenting my interpretation of the only two types of coins:
stokens: security token
tokens: commodity or currency
Whether a stoken has an ICO or is traded on an exchange it is a stoken. Any stoken owner, and any exchange allowing the trading of stokens, must obey the rules, regulations and laws of the Securities & Exchange Commission (SEC) when selling to the USA’s consumer markets.
If a token is sold in an ICO or trades on an exchange it’s a commodity. Any token owner, and any exchange allowing the trading of tokens, must obey the rules, regulations and laws of the Commodity Futures Trading Commission (CFTC) when selling to the USA’s consumer markets.
Source/More: ICOs Involving US Citizens are Covered by the SEC and CFTC for Safer Investments & Exchange | txsrb
