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Recently departed SEC crypto litigation leader Ladan Stewart debated with others over the SEC's approach to tokens as securities. Stewart, now at White Case, plans to develop a crypto defense practice. Multiple government entities had differing conclusions on digital assets, impacting the U.S. crypto industry. The SEC's classification of tokens as securities has caused confusion, with varying statements on the matter.
The way the SEC has "typically gone about declaring a token a security is generally going after some third party," @BillHughesDC told @danielgkuhn. But it's not clear the SEC is targeting "any particular party related to Ethereum." #RoadtoConsensus https://t.co/I7NIykOn16
SEC: all tokens are "digital asset securities" Also SEC: we never said tokens themselves are securities Also SEC: but in this case, these 11 tokens are definitely securities Also SEC: jk lmao, it's the token plus the ecosystem that's the security Also SEC: rules are clear
"If the regulators and enforcement agencies overseeing the digital asset space are not aligned on how to classify the same digital asset, how can anyone else be clear on what the rules are or how to follow them?" https://t.co/OcdKEjppPj
