Then there should be a component of the securities act that exempts some securities from some additional baggage of being a security
IRS blanket accounting rules around a security aren’t useful for these digital consumptive assets which bear no ownership of an enterprise
FINRA and Broker dealer related trading restrictions arent useful in digital consumptive assets that are also securities
If the SEC wants some level of consumer/investor related protection, sure some level of financial disclosure can still be mandated
But that holistic approach’t being pursued here and thats why its being avoided by the whole industry because a securities designation wrecks the entire consumptive aspect of these assets.
IRS blanket accounting rules around a security aren’t useful for these digital consumptive assets which bear no ownership of an enterprise
FINRA and Broker dealer related trading restrictions arent useful in digital consumptive assets that are also securities
If the SEC wants some level of consumer/investor related protection, sure some level of financial disclosure can still be mandated
But that holistic approach’t being pursued here and thats why its being avoided by the whole industry because a securities designation wrecks the entire consumptive aspect of these assets.