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20674759
Topic
2070092
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Altcoin Discussion
Re: SEC crackdown on exchanges
by
Dullmartini
on
07/08/2017, 00:37:02 UTC
Quote from: Savik on August 06, 2017, 11:53:23 PM
Anyone have concerns about this causing the alt coin market to crater? How much time do we have till the SEC makes their move? Also, what happens if an exchange were to shut down? Do the coins just go poof?
https://www.coindesk.com/legal-experts-warn-of-coming-crackdown-on-token-exchanges/
https://www.coindesk.com/tokens-can-be-securities-even-ico-advisors-agree-with-the-sec/
I think it's inevitable for US based exchanges. They'll have to be regulated or move out of the us and not sell to us consumers.
This will definitely spook people. Keep your coins in your wallet and not on the exchange.