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/biz/ - Business & Finance

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25128496 No.25128496 [Reply] [Original]

The term "security" refers to a fungible, negotiable financial instrument that holds some type of monetary value.

>implying every crypto doesn’t meet this definition

>> No.25128540

>uses the most general definition possible
Are trading cards a security too? God damn you bears are stupid as fuck.

>> No.25128612

>>25128496
your mom's vagina is a security too then
can't wait for the trial

>> No.25128619

>>25128496
>implying ripple is even going to court over this and not because they've been defrauding investors out of hundreds of millions of dollars

>> No.25128655

I sold all my Bitcoin yesterday, who knows what will happen when Bitcoin gets sued!

>> No.25128756

>>25128655
This. I put everything into Theter US to avoid taxes but now i'm afraid TheterLab Incorporated will get sued

>> No.25128788

This is a retard grade post.

XRP is not a security. It does not satisfy the Howey test. It is all but certain that ripple are successful in court.

>> No.25128806

>>25128540
Pokemon and yugioh cucks absolutely seething right now

>> No.25128921

>>25128788
nobody tell him

>> No.25129034

>>25128540
The definition for crypto is very easy. was your shitcoin distributed to you with a consensus mechanism like mining or did people have to buy it from the scammer that printed it out of thin air? Of your case is the later, you are holding an illegal security

>> No.25129037

>>25128921
>security
Shhh

>> No.25129079

>>25129034
>those trading cards were printed out of thin air and distributed to child investors expecting a return!

>> No.25129179

>>25129079
>Using this much mental gymnastics to deny reality
Keep doing whatever youre doing. Youre one of the useless faggots that i wanna see roping themselves once the SEC sues their shitcoin so i advice you to keep holding and buying more. Go all in

>> No.25129247

>>25129179
>can't think of a response
>y-you're stupid!

Showed me.

>> No.25129287

>>25129247
If you think card games have the same regulations as financial assets you are mentally challenged

>> No.25129315

>>25129287
>this is different this is important so therefore its a security okay?

Nah, no I don't think it is. It's a utility token.

>> No.25130588

>>25128496
BTC was ruled "not a security"
ETH was ruled "not a security"
those are my two main holds
so, get fucked