/biz/ - Business & Finance

[Anonymous No.9778825]

Coinbase on track to becoming SEC-regulated! Good or bad? Discuss

[Anonymous No.9778833]

>>9778825
Why would it be a bad thing?

[Anonymous No.9778837]

the big money is coming lads

[Anonymous No.9778840]

>>9778833
Because Jews

[Anonymous No.9778846]

>>9778825
wedgebro here, I predicted this a month ago

AMA

[Anonymous No.9778849]

HELL FUCKING YEAH

[Anonymous No.9778850]

>>9778833
The govt will be controlling the rules around these new crypto securities. It's the opposite of why Bitcoin was created.

[Anonymous No.9778876]

>>9778825
This is a good thing. The ONLY way crypto can become mainstream is for governments to accept it and with that comes regulation.
Crypto without regulation would never become mainstream and normies would still view it as a currency used by criminals.

[Anonymous No.9778900]

>>9778850
they just want us to pay taxes on our cash outs
i havent payed taxes on a withdrawal for years lol
now i'll probably have to....

[Anonymous No.9778906]

Finally the wall street money is arriving

[Anonymous No.9778933]

Holy shit, this is it!

SEC clarification and exchanges becoming SEC approved securities exchanges are what we needed for institutional investors. This really is the beginning of the golden bull run!! We are all going to make it!

[Anonymous No.9778934]

>>9778825
pixels, etc

[Anonymous No.9778945]

>>9778933
Godspeed anon, fucking godspeed.

[Anonymous No.9778998]

Say byzbye to volatility and hello to +5% a year

[Anonymous No.9779000]

[Anonymous No.9779063]

What about ETH?????

[Anonymous No.9779101]

>>9779063
Half security.
No troll , can't explain but has something to do with premining and shit.

[Anonymous No.9779167]

>>9779000
>the two most important tokens of the ETH ecosystem
>Link
>Req

LMAO

[Anonymous No.9779463]

>>9778998
This. Just have to go individual vs "crypto ETF's". You'll have to dig for your gains instead of it being easy

[Anonymous No.9779503]

So what happens if i own securities as a non accredited investor?

[Anonymous No.9779510]

How long before only accredited traders can use it?

[Anonymous No.9779712]

>>9779000
checked

[Anonymous No.9779854]

>>9778846
lmoa

[Anonymous No.9779871]

i sure hope so boys.. blessings all around

[Anonymous No.9779962]

I wonder what this means for sending coins from binance to Coinbase. They'll probably want to know how you got them.

[Anonymous No.9779963]

>>9778825
My prediction: all ERC-20 tokens prior to regulation being passed will be safe as long as they are legitimate and the token provides a proven utility. Scam shit coins finally die (bye bye 0xBTC if you aren’t already at 0 by then). Everyone will still be able to trade as normal, just as you would be able to go out and buy stock. The (((accredited investor))) designation only applies to ICOs just as it relates to IPOs. US residents are already refused from participating in ICOs anyway. Also, we might see some favorable outcomes a with regard to market manipulation ie Bart leaves our lives for good.

[Anonymous No.9779983]

>>9778825
try a pool cleaner vacuum while underwater, especially with a heated pool, it will give you the best orgasm of your entire life. the fans rapidly but gently smack the head of your dick while giving really strong suction. obviously stick your fingers in first to make sure it's safe, not every pool vacuum is the same. I've had blowjobs from 3 different women and 4 different men, I've used vacuums, cock-pumps, fleshlights, vibrators... and NOTHING compares to the pool cleaner. I'm not even fucking kidding right now, if you get the chance, try it. the only thing that is even remotely close to how good that pool vacuum felt was straight up vaginal sex with this fat chick who had a really warm snatch, it was like sticking my dick into a wet loaf of banana bread straight out of the oven, and yes this fucking pool cleaner vacuum was better than that. I don't own a pool or else I'd be doing it every day. unfortunately the owner of the pool caught me doing it so I'm not allowed to be within 1000 feet of his house anymore but it was so fucking worth it, I'm telling you that fucking pool vacuum is like heaven. honestly the only reason I even want to get rich is so I can afford my own house with a heated pool and of course a pool vacuum. I can't wait to buy a dozen different brands and styles of pool cleaners and fuck them all. I live for that day to come.

[Anonymous No.9780061]

>>9779983

[Anonymous No.9780087]

protip buy quantstamp and reqt
YC owns 7% of coinbase

[Anonymous No.9780098]

I HAVE NO CLUE WHATS GOING ON BUT I JUST PUT THE LAST OF MY LIFE SAVINGS IN ETH AM I GOOD GUYS?

[Anonymous No.9780175]

retards, didnt thought biz is such a braillet board. future laws cannot be applied to past things. so past ico's are safe. upcoming ones has to be careful

[Anonymous No.9780201]

>>9780175
>didn't thought
>braillet
>ico's are
>ones has

[Anonymous No.9780358]

>>9780175
The SEC can (and will) say that the Howe test is older than any crypto and teams not registering with them while having an ICO committed Securities fraud. It's not the law that works retroactively, it's the SEC that decides when to act on it, and trust me I'm sure they have time to go back probably years back and bust whoever they want

[Anonymous No.9780381]

>>9779510
In Burgerland? Soon.

[Anonymous No.9780421]

>>9780098
yee, u good my nigga

[Anonymous No.9780423]

burgers ruin everything

[Anonymous No.9780462]

>>9780423
whatsa burger? why theyd ruin allthing? they taste very yummy

[Anonymous No.9780702]

>>9780358
This is not how American law works at all.... this is like trump saying anybody who talks shit about him on the internet goes to jail... because the internet was invented after the first amendment

Fucking brainlet

[Anonymous No.9780719]

just use p2p exchanges holy shit

[Anonymous No.9780750]

>>9778833
>>9778837
>>9778840
>>9778846
>>9778849
>>9778850
>>9778876
>>9778900
>>9778906
>>9778933
>>9778934
>>9778945
>>9778998
>>9779063
>>9779101
>>9779167
>>9779463
>>9779503
>>9779510
>>9779871
>>9779962
>>9780098
>>9780421
>>9780423
>>9780462
THIS IS EXTREMELY BAD, ALL THE FUCKING ICOs WILL CRASH. THEY'RE TURNING EVERY ICO IN A SECURITY, THUS YOU'RE ONLY ALLOWED TO HODL IT WHEN YOU'RE 'ACCREDITED' INVESTOR AKA A MILIONAIRE. EVERY BAG HOLDING NEET, POORFAG, MIDDLECLASS, NORMALFAS, ALL WILL BE FORCED TO DROP THEIR BAGS. ETH WILL CRASH, LINK WILL CRASH EVERY FUCKING TOKEN THAT HAS HAD AN ICO WILL FUCKING CRASH, THIS IS FUCKING BULLSHIT. FUCKING AMERICAN RETARDS ARE SUCKING THE KIKES DICK AGAIN.
THIS IS THE FUCKING FUD THAT WILL FORCE YOU TO DROP YOUR BAGS AND CONVERT THEM INTO BTC OR OTHER 'safe' COINS. GG WELL PLAYED, IT'S GAME OVER BOYS. AS AN EUROPOOR, I FUCKING HATE MUTTS.

[Anonymous No.9780760]

>>9780702
>implying that this can't happen
where have you been the last 17 years

[Anonymous No.9780794]

>>9780702
The Securities law is from 1933 you absolute retard, just because they decide to act on it now and not last year doesn't mean shit.
Your example with Trump is completely invalid.

[Anonymous No.9780915]

>>9780794
The howey ruling is how a defined answer on how you rule something a security. How most ICOs operated.... ie outside of the USA, not guaranteeing profit, and having a utility for the said token make them not securities

Skycoin on the other hand is 100% a security. Read the law you brainlet.

[Anonymous No.9780931]

>>9780915
Because they promised coinhours will be worth something..?

[Anonymous No.9780965]

Kikes win in u.s. where am I gonna deposit for crypto now

[Anonymous No.9781366]

>>9780915
>The howey ruling is how a defined answer on how you rule something a security.
wat?

>not guaranteeing profit, and having a utility for the said token make them not securities
they have no product you retard how they can have a utility ? lmao you know nothing about the subject. if they had a working product at the moment of the ico we would have a different discussion

[Anonymous No.9781421]

>>9781366
If they host the ico is say Switzerland, and don’t allow American to participate.... but now have a working product where the token provides a utilitarian function, is it a security. This is all new territory. We both don’t know shit when it comes down to this.

[Anonymous No.9781460]

>mfw all these crypto billionaires are now crypto thousandaires

And that's a good thing!

[Anonymous No.9781526]

>>9781421
i would like to know this as well

[Anonymous No.9781573]

>>9780915
>having a utility for the "token"
>skycoin is a security
First off, skycoin isn't a fucking token, its a coin+blockchain. which means it is a means of exchange like bitcoin, therefore not a security.

Thirdly, coin hours (the alleged "dividend" of skycoin) have no market value. Even coin hours have UTIILITY. they are backed by kitties in the future will be backed by bandwidth.

skycoin was literally designed to not be a security

[Anonymous No.9781630]

>>9780702

No.

This is the SEC holding the position that these things were securities all along and therefore subject to the Howie test and all other securities regulations. It’s like if the government banned weed years ago, then looked the other way on weed dealers for a while while it stayed technically illegal, then suddenly decided to crack down under existing laws.

Nothing is shielded because this is not a new law or regulation, just a “clarification” of how long-standing law is interpreted by the agency in charge of enforcing it. It’s not nearly the same as Trump trying to argue something is illegal because he doesn’t like it despite a ton of established jurisprudence and legislation saying it’s legal.

There will undoubtedly be some major court cases if the SEC decides to go after ICOs of existing coins (which will argue that their products are more akin to Chuck E Cheese tokens or Pokémon cards), but the SEC position is they can do this and they do have legal legs to stand on as they take action.

This will have big repercussions for crypto in terms of removing a lot of volatility and manipulation from the market and luring in big institutional money as well as killing a ton of cryptos and making it a hell of a lot harder to start up an ICO.

[Anonymous No.9781740]

Will i make it with 15k REQ as a non-accredited investor? What happens to my REQ

[Anonymous No.9781763]

>>9778825
Wait...you guys don't actually use Coinbase...right?

[Anonymous No.9782170]

>>9779000
CHECKED

[Anonymous No.9782223]

>>9779000
>Delusional linkie call things 100% wrong
pottery