Discover and read the best of Twitter Threads about #KIK
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SHAME ON U.S. REGULATORS
Consider the following:
In 2017 SEC issued the DAO. Then 2017-19 there were 57 enforcement actions đ crypto companies, involving ICOs (#KIK, #Telegram, etc).
In 2018 we got the Hinman Speech.
In 2019 the SEC issued its Framework for Digital assets.
Consider the following:
In 2017 SEC issued the DAO. Then 2017-19 there were 57 enforcement actions đ crypto companies, involving ICOs (#KIK, #Telegram, etc).
In 2018 we got the Hinman Speech.
In 2019 the SEC issued its Framework for Digital assets.
Also in 2019, former Chairman Clayton publicly agreed with Hinmanâs speech stating the token itself is NOT a security and that a token can, at first, start out or be issued as a security, but later transform so that subsequent sales of the token no longer meet the Howey test.
Yet, here we are FOUR years later, moving backwards regarding regulatory clarity. And for you crypto Critics that say Hinman and Claytonâs comments are immaterial b/c their statements were only personal opinions, I say hogwash (I actually say something else but Iâm being polite).
âINVESTMENT CONTRACTâ
Is one of the most misunderstood legal terms in the law. The Howey Test must be the most misapplied legal test or doctrine on social media.
âInvestment contractâ is a legal term of art adopted from state law by Congress when it enacted the 1933 Act.
Is one of the most misunderstood legal terms in the law. The Howey Test must be the most misapplied legal test or doctrine on social media.
âInvestment contractâ is a legal term of art adopted from state law by Congress when it enacted the 1933 Act.
According to the Securities Act of 1933, the term ââsecurityââ means:
âany note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement,
âany note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement,
collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of de- posit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle,
WHO REVIEWED & HELPED WRITE THE HINMAN SPEECH?
Who was on the 63 emails that included a draft of the speech?
Where is Hinmanâs public calendar?
Who purchased large quantities of #Ether between December 2017 to June 13, 2018?
$10k in #ETH ICO = a net worth more @GaryGenslerđ
Who was on the 63 emails that included a draft of the speech?
Where is Hinmanâs public calendar?
Who purchased large quantities of #Ether between December 2017 to June 13, 2018?
$10k in #ETH ICO = a net worth more @GaryGenslerđ
@ethereumJoseph received 9.5% of #ETH as a co-founder.
Everyone knows @VitalikButerin and Lubin held an ICO through crowdfunding which was without a doubt an unregistered securities offering.
Where was @SECGov?
Where is outrage from those that attack @Ripple & #XRP?
Everyone knows @VitalikButerin and Lubin held an ICO through crowdfunding which was without a doubt an unregistered securities offering.
Where was @SECGov?
Where is outrage from those that attack @Ripple & #XRP?
Good news @BBCNews But does this include sex offenders and offending paedophiles?
bbc.co.uk/news/uk-472565âŚ
bbc.co.uk/news/uk-472565âŚ
Like this convicted paedophile who continuously breached his SHPO by repeatedly visiting the children's section of a public library to become aroused by girls as young as two, and then masturbate in the toilets. Because they NEVER stop offending. walesonline.co.uk/news/wales-newâŚ
Or this one who was jailed for six years in 1992 for rape and indecent assault & had previously been through a programme designed to 'treat' sex offenders, now caught trying to meet a 13 yr old girl walesonline.co.uk/news/wales-newâŚ
