Will the Supreme court declare that Cryptocurrencies are securities?

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Dec 31

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Resolves YES if as part of the cases that the SEC brought before SCOTUS, the court declares that most cryptocurrencies pass the Howey test and should be subject to regulations that apply to securities. NO if the court declares that most cryptocurrencies are not securities. Edge cases will be decided on a case-by-case basis, based on whether the court decision is more akin to calling cryptocurrencies securities or not securities. Close date can be extended.

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What if yes for stablecoins, no for others?

@ProjectVictory Stablecoins are not cryptocurrencies.

@a2bb yes they are.

"Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value."

@ProjectVictory Most cryptocurrencies are not stablecoins, so NO.

But why would they declare stablecoins to be securities? They don't have an expectation of profit, so they clearly don't meet the Howey test imo. They're just instruments to facilitate trade in crypto. It would make much more sense to declare other crypto to be securities but not stablecoins.

predictedNO

@ProjectVictory > A cryptocurrency, crypto-currency, or crypto[a] is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.

Stablecoins are reliant on a central authority to uphold or maintain them.

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