Which cryptocurrencies are considered securities by SEC?

3 answers

• Chami MalalasekaraFeb 05, 2025 · 7 months ago
  Sure! According to the SEC, cryptocurrencies that are considered securities include tokens that are sold as investment contracts, such as initial coin offerings (ICOs) or tokens that promise future profits. Examples of cryptocurrencies that have been deemed securities by the SEC include Ethereum's Ether (ETH) and Ripple's XRP. It's important to note that not all cryptocurrencies are considered securities, and the classification can vary depending on the specific circumstances and characteristics of each token.
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• shinyhunterOct 14, 2021 · 4 years ago
  The SEC considers cryptocurrencies as securities if they meet the criteria outlined in the Howey Test. This test looks at whether an investment involves an investment of money, in a common enterprise, with an expectation of profits primarily from the efforts of others. If a cryptocurrency meets these criteria, it is likely to be considered a security by the SEC. It's worth mentioning that the SEC has been cracking down on ICOs that are deemed to be selling unregistered securities, so it's important for projects to comply with the regulatory requirements.
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• Mika-OliOct 16, 2023 · 2 years ago
  As an expert at BYDFi, I can tell you that the SEC's classification of cryptocurrencies as securities is an important consideration for investors and projects in the crypto space. However, it's worth noting that not all cryptocurrencies are considered securities by the SEC. The determination of whether a cryptocurrency is a security depends on the specific characteristics and circumstances of each token. It's always a good idea to consult with legal professionals or experts in the field to understand the regulatory implications of a particular cryptocurrency.
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