You are viewing a single comment's thread from:
RE: Are STEEM, SBD, SteemPower considered security token?
I am no expert and can be wrong here but I think it is not only about ICO. If a coin generates income (e.g staked and lent SP) than that need to be registered with the SEC as well? An official statement from Steemit.Inc would certainly help.
Yes that can be part of it, though there does seem to be some grey area because that "income" is more cryptocurrency (as opposed to fiat money) and some of it is locked up for 13 weeks (SP). There are arguments that both support and refute the above as security tokens when using/applying the Howey Test. It would be great to have Steemit,Inc chime in.
Bitcoin and Ethereum have both been deemed not securities and Ethereum is moving to POS as well...