US crypto crackdown with Vinny Lingham & Sunny Madra + OK Boomer | E1680
This Week in Startups
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Defining Staking
If the returns are dollar denominated or any fiat currency denominated, I think that's within the jurisdiction of the SEC. If the returns are not denominated in the fiscal currency of a country or of a sovereign region and it'sdenominated in the underlying asset rewards, like Bitcoin, for example, as well as if you're a minor year in Bitcoin, I don't think that's under the jurisdiction of any government. So your argument there and your definition of staking is you put something in, you get more of it back. Sometimes it's transformed. We do know that happens sometimes. It throws off some new currency or token, but it's not currency, even though people
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