Is a Cryptocurrency a Security?

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There's a four part test that the supreme court basically came up with to decide whether something is a security or not. So essentially, the implications of this definition means that any crypto that is acting like a substitute for fiot currency is safe. It doesn't really meet that test, so it's not classified as ascurity. That's why we haven't seen any action against bit coin or etherium itself because you're just using that to transact. But a lot of the tokens that were actually listed in the s c lawsuit, the nine tokens, they claim to do a lot more than just be a mechanisms for a transaction like fiot. They describe themselves on their web sigt as

Welcome back, this week Lucas and Anita dive into a conversation around Coinbase’s legal woes and the insider trading scandal surrounding an employee at the firm. We also discussed Elon Musk’s bitcoin sale and Minecraft’s ban of NFTs from its platform.

In their interview this week, Anita and Lucas interviewed David Nage. Nage is a portfolio manager at Arca where he makes early-stage bets on crypto startups. We talked about finding hot opportunities in seed stage crypto and then broke into a wide-ranging conversation on crypto regulation and what comes next.

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Helpful links:
https://techcrunch.com/2022/07/25/crypto-valuations-may-sink-until-september-as-vcs-play-a-waiting-game/

https://techcrunch.com/2022/07/20/tesla-dumped-75-of-its-bitcoin-holdings/

https://techcrunch.com/2022/07/20/minecraft-says-no-f-ing-thanks-to-nfts/

https://techcrunch.com/2022/07/26/if-it-walks-like-a-dog-and-barks-like-a-dog-perhaps-its-actually-a-non-security-crypto-digital-asset/

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