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10k gold jewelry at wholesale pricing Does not belong.
On April 3, the SEC was for the first time whether the virtual currency (or digital asset) was a "Contract" securities. This guidance is based on the "No-Action Letter" issued by the previous SEC's issuing virtual currency issued by Turnkey Jet to further refine it. In essence, the newly released guidance of the SEC only reiterates the standard of the HowEy test again, emphasizing the principle of substantial identification of securities.
SEC believes that in terms of virtual currencies, the two elements of money contribution and common cause in Howey's tests are basically common, and there is no doubt. Therefore, the key to determining whether the virtual currency is a securities lies in the "reasonable expectation of relying on others' efforts to obtain income". In other words, the core issue of SEC's review is still the division of consumption and investment, and the main significance of this new guidance is to provide a specific focus on judging this kind of division.
SEC's analysis factors are as many as dozens of articles, and thousands of words are sprinkled, and it has repeatedly emphasized that no one can determine whether the virtual currency is securities alone. However, Qing Chengjun believes that the fundamental characteristic of grasping consumption is that all these factors proposed by the SEC are finally foothold, and thus, you can summarize the guidelines of these thousands of words into four keywords (click "Read the original text" to view the SEC Guide the full text).