đ¨ Why The #SEC Calling Cryptos Securities Is A Major Issue
1ď¸âŁ Disclosures & Unknown Identities
The SEC's move to classify cryptos as #securities demands detailed disclosures.
But here's the catch: the original buyers of many coins/tokens, especially from ICOs, are often a mystery. Worst case?
Some of these #holders could be sanctioned entities or states!
2ď¸âŁ Concentration of Holdings Exposed
If forced to disclose, we'd likely see the extreme concentration in ownership of some cryptos.
3ď¸âŁ Why It Matters to #CryptoHolders
This isn't just regulatory jargon. Knowing who owns what and how much is crucial in the crypto world.
It's key to understanding tokenomics, something we focus on in our #crypto reviews. The average crypto holder should know this info.