Coin

<ul class="news-points"> 
 <li>Bill Morgan criticizes the SEC’s use of terms like “crypto asset securities,” calling it propaganda.</li> 
 <li>Morgan asserts intentional ambiguity and broadness in the SEC’s terms.</li> 
 <li>In the context of the debate, Ripple’s CTO argued tokens, like art, are not contracts, transactions, or schemes.</li> 
</ul> 
Prominent figures in the crypto community, like Ripple CTO and pro-crypto lawyer Bill Morgan, recently debated the U.S. SEC’s blanket usage of terms like “crypto asset securities” and “crypto securities markets.” 
Bill Morgan sparked the conversation, criticizing the SEC’s use of those terms, claiming it was agenda-driven propaganda. According to Morgan, the terms are not present in US securities legislation and only contribute to confusion within the crypto space.&nbsp; 
Moreover, he argued that the SEC, rather than providing clear definitions, hides behind concepts like investment contracts and the Howey test, further adding uncertainty to the market. 
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 The SEC uses terms like ‘crypto asset securities’ and ‘crypto securities markets’ to push an agenda. This is propaganda. These terms are not found in securities legislation in the US. These terms just add to confusio…
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The post <a href="https://coinedition.com/crypto-community-divided-over-sec-use-of-crypto-asset-securities/">Crypto Community Divided Over SEC Use of “Crypto Asset Securities”</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Community Divided Over SEC Use of “Crypto Asset Securities”

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