Here comes GARY!!!
Yup, the SEC is laying down their law and going after the biggest crypto exchange in
the world and its CEO.
But they are also going after some cryptocurrencies by directly calling them out as securities!!
The altcoin space is a minefield as we speak, but don’t worry there is a way to navigate
it through these crazy times and find the coins that aren’t securities…aka there
is a new narrative forming…non security cryptos.
What are the coins?
Find out in about ten minutes…because it’s time for Chico Crypto!!
I do have to say I told you so with Binance, but what’s very interesting about the SEC
suit against them, is the cryptocurrencies they directly call out as securities.
Coins that I have heavily hated on in the past too…
Of course Binance Coin & BUSD
But also, CZ’s Buddy Justin Is Getting Hit, His $TRX and $BTT
That is a video from a LONG time ago…
But also can’t scale Scolana…
And Chubby Charlies Crapdano..
But also Polygon aka Matic….
A pump and dump Binance organized back in December of 2019.
But you guys, I’m not agreeing with the SEC on this…it’s just the SEC is a real
thing, and they do regulate when illegal stuff is going down, especially in a new type of
trading arena…like they did with Penny stocks.
I just knew the reality of the situation….and call it like it is….
But now it’s time to call it like it is, regarding a certain section of altcoins, SPECIAL
ones that could set up a new narrative going into the summer of 2023…I’m talking about
in the clear altcoins, coins that are pretty much guaranteed to not be considered securities
by the SEC…
Obviously Bitcoin & Ethereum are pretty much in the clear….the SEC has officially stated
that Bitcoin and Ethereum were the only 2 current crypto’s that were non-securities
back
in 2018…
Although, SEC Director Hinman said this during the speech….
He said, if you want to see if you’re a non security, and what to do…come see us!!!
And that is exactly what some cryptocurrencies did…
Guess who did?
Polkadot did…
In November of 2022 Polkadot released this paper “Less Trust, More Truth: Polkadot’s
Native Token (DOT) Has Morphed and Is Not a Security.
It Is Software.
And the paper begins ....”Three years ago, in November 2019, Web3 Foundation made a decision
that changed its trajectory and led to a transformation in business processes, people management and
communications to the general public.
We chose to take the U.S. Securities and Exchange Commission (the “SEC”) up on its offer
to “come in and talk to us.”
They went and talked to the SEC and morphed Polkadot into a functioning software DAO…because
software is key, that is what the SEC has stated is a DAO, and thus is not a security
in the DAO report released in 2017…
The article then states “November 2022 marks the three year anniversary of our engagement
with the SEC.
For three years, we have met regularly with the FinHub staff.
Since the outset, we have attempted to break new ground in our interactions with the SEC,
complying with U.S. federal securities laws, including with respect to the offer and sale,
marketing and delivery to initial purchasers of tokens as securities, and the treatment
of retail purchasers, generally in line with public companies.
Over the years, we have developed what we believe is a workable theory of how token
morphing may be achieved for an increasingly decentralized project, like Polkadot, and
a digital asset that, other than having been offered and sold initially for fundraising
purposes, does not, itself, bear security-like characteristics.
We have shared this theory many times with the SEC.”
DOT wasn’t named as a security, because they engaged with the SEC and came up with
a working plan on how to decentralize …with onchain governance, onchain treasuries, and
more…because they did in fact raise money from the public…
Polkadot has been in contact with the SEC…do you know of another crypto tied to the hip
of Polkadot???
What about Energy Web Chain…
Posted in the Grid Singularity Medium, Grid Singularity, Parity, Polkadot, Web3 Foundation
& Gavin Wood are all in cahoots together…
Because if you didn’t know, Gavin Wood is a co-founder of Grid Singularity, aka Energey
Web Chain..
So Energy Web didn't raise money from the public, they raised money from big business,
aka their partners, who were allowed to purchase securities…
They did everything right, and of course EWT is following in the same tracks as Polkadot,
Gavin Wood is a co-founder, they are definitely in contact with the SEC on the status of their
token!!
Which is even more evident last year, … at the AIR presentation on Making Money Green
with Climate, ESG and Financial Regulation where the keynote speaker was commissioner
of the SEC at the time, Allisson Herron Lee…
Guess who closed out this presentation?
Energy Web Chain…no doubt in my mind, Energy Web is not a security…
Now why am I diving so deep into crypto’s that have possibly achieved non security status?
Well if we go back into the SEC suit against Binance they say this includes, but is not
limited to…aka other assets on Binance, many of them are considered securities….
So who else is in the clear regarding non security status?
Well if you didn’t know….back in 2021, Stacks, the Bitcoin Layer 2, got official
approval from the SEC, that the stacks token was indeed not a security…
But what about a “Degen” SEC pick??
Well there is a lower cap token that has the SEC approval, although it’s not easy to
get.
But what about a “Degen” SEC pick??
Well there is a lower cap token that has the SEC approval, although it’s not easy to
get…..but before we dive into this DEGEN pick, But first, it’s time for a sponsored
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Now back to that degen SEC pick….
Axios put out this article in March of 2023 “The few crypto firms that have registered
with the SEC” and the article states “INX, an exchange, which did an F-1 filing.
It's leaning into tokenized securities.”
And as we can see, INX did do that f-1 filing with the SEC regarding their token and sale..and
if we go to the INX website section for investors, we can see they have continued filing with
the SEC up to today.
Going to the Coingecko on INX, we can see it’s trending up because of the news, but
as we can see INX is an ethereum based token, which means it can be traded in a decentralized
manner….
But if we go to Uniswap and try to trade….it’s a NO Go, the pool doesn’t have sufficient
liquidity…this screams opportunity to me, set up the liquidity for this token…..
Now, the only way to get INX is on their exchange, with USD, which I’ve signed up for and I’m
waiting for approval…who’s gonna be the the first to deploy the liquidity…..and
dont forget to subscribe to the channel, join the chat on telegram where this information
drops first, and follow me on twitter…links for everything are above somewhere and down
in the description.
Cheers I’ll see you next time!!