Algorand

Coin

<ul class="news-points"> 
 <li><strong>The SEC describes Algorand’s native token, ALGO, as a security.</strong></li> 
 <li><strong>Bill Morgan thinks the SEC’s description contributes to ALGO’s slow development.</strong></li> 
 <li><strong>ELDAR believes poor marketing strategy is hurting ALGO’s development.</strong></li> 
</ul> 
<p>The <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a> describes Algorand’s native token, ALGO, as a security. According to Bill Morgan, a well-known lawyer and digital assets enthusiast, this is a factor in the problems confronting the blockchain platform.</p> 
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   <p lang="en" dir="ltr">ALGO has already been called a digital asset security by the SEC. ALGO itself isn’t of course, but the more heavily Algorand markets it the more potential problem with the SEC. The SEC relies on marketing by an issuer in establishing the third prong of the Howey test. <a href="https://t.co/uwyXlbFb2M" target="_blank" rel="noopener noreferrer nofollow">https://t.co/uwyXlbFb2M</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1691708001701494952?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 16, 2023</a> 
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<p>Morgan commented while responding to a post by an analyst identified as ELDAR on X (formerly Twitter). In the post, ELDAR narrowed Algorand’s problems to the project’s inability to execute proper marketing exercises. According to him, the problem is not about Algorand not having the best tech and biggest projects building on its rails.</p> 
<p>ELDAR notes …</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/algo-is-suffering-from-the-secs-description-and-poor-marketing/">ALGO Is Suffering From the SEC’s Description and Poor Marketing</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ALGO Is Suffering From the SEC’s Description and Poor Marketing

Coin Edition

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