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🏠 SEC considers seals to be securities
The U.S. Securities and Exchange Commission continues to accuse the creators of NFT of illegal placement of securities. This time, the person involved in the case was the creator of the "Stoner Cats" collection.
"Regardless of whether your offer includes beavers, chinchillas or animal-based NFTs, in accordance with federal securities laws, it is the economic reality of the offer, not the labels you put on it or the underlying objects, that determines what is an investment. a contract and, therefore, a security," said Gurbir S. Grewal, director of the SEC's Enforcement Division.
@Сryptoz ₿
🔥 Companies awaiting decisions on spot Bitcoin ETFs:
- BlackRock (assets under management = 10 trillion.$)
- Fidelity (4.5 trillion$)
- Franklin Templeton (1.5 trillion$)
- Invesco Galaxy (1.5 trillion$)
- WisdomTree ($87 billion)
- VanEck ($61 billion)
- GlobalX ($40 billion)
- ARK Invest ($14 billion)
- Bitwise ($1 billion)
- Valkyrie ($1 billion$)
The amount of assets under management of all companies exceeds $17.7 trillion!
CoinGecko: Market Cap of the total crypto market = 1.1 trillion.$
@Сryptoz ₿
