U.S. Legal and Regulatory News for Digital Asset Holders
Joseph Lubin, DLD 19
Joseph Lubin says “we are big friends and fans” of the SEC and praises its application “of something called securities law”. He adds that the SEC has “introduced a new construct called decentralization” into their regulatory thinking, mentioning that they see bitcoin and ether as “decentralized” and that “no transactions involving those particular assets are considered to be” securities. But mentions that “they have not said the same about other tokens” – specifically XRP – claiming to know that the SEC is not going to find any token other than bitcoin and ether to be decentralized, dropping in Hinman’s name.