Venture Capital Approached SEC To Not Categorize Crypto As Security

Venture Capital Approached SEC To Not Categorize Crypto As Security

Venture Capital Working Group took a step in approaching the SEC and proposed the regulatory “Safe Harbors” for some cryptocurrency to be considered as “utility tokens” instead of as security regulators. The argument to consider issued token as investment value or if it has utility as payment method were believed to be the reason behind the firm.

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