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"It's got to be reckless or intentional in order for it to be securities fraud.
Fixed annuity products aren't considered to be securities, so there is no prospectus.
While there's been plenty of speculation around what tokens that the SEC might deem to be securities, Garlinghouse said that he isn't concerned about a clampdown on XRP.
Less than a week after the SEC said that it may regulate certain crypto token sales, better known as ICOs, Singapore has followed suit to say it too will regulate offerings that are deemed to be securities.
"While there are cryptocurrencies that do not appear to be securities, simply calling something a 'currency' or a currency-based product does not mean that it is not a security," Clayton writes.
When U.S. Securities and Exchange Commission SECchairair Jay Clayton stated that he considered all initial coin offerings (ICOs) to be securities rather than commodities, and therefore subject to his organization's regulation, Clayton brought an ICO boom to a screeching halt.
Similar(53)
"There needs to be security here.
The answer is said to be security.
A chief issue appears to be security.
But in Africa, the first priority has to be security.
The Pentagon considers many of them to be security threats.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com