The SEC's Decision on Altcoins

The judge says at the bottom, this is not meant to suggest, and I'm paraphrasing, but that all secondary market sales of the token are not securities. So that's created a lot of confusion because you can read the decision in a very bullish way for altcoins. Conversely, people have been more cautious and said, look, that's not really what the judge is necessarily saying. The judge may have just gotten it wrong, and it could be reversed on or looked at differently with respect to other tokens. You'll recall that there have been other decisions that have been made with alt coins where the judges have come down the other way. Not finding the protocol itself was a joke