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ted (not lasso)
@ted
pretty sure revenue coins are considered securities btw they do exist, but you don’t “see” them in plain sight because we can’t market that a coin will generate users a profit unless you want the SEC at your door instead, they’re cleverly designed, named, and marketed by smart teams who play by the rules
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Nate Maddrey
@nmadd
💯 that's why you see so many coins burning tokens with their revenue instead of just distributing directly to holders. it's a roundabout way of creating a revenue coin without violating security laws hopefully we see some sensible regulation that allows for more direct ways of distributing revenue, could be a big unlock
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ted (not lasso)
@ted
yeah, you nailed it. clever ways to address howey test considerations. and also hopeful we’ll see some of this shift with a crypto-friendly SEC but may take longer than we want given other digital asset priorities
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