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Can someone tell me why being a security is a

bad thing?

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It isn't. Just lots of paperwork and rules to adhere to.

It changes the entire crypto industry forever. Projects will probably have to publish earnings reports. Most projects in the space aren't even making revenue so no one would even invest in them. Then you would see a whole new generation of projects that try to generate revenue, and now its like whats even the point of this, crypto wasn't supposed to be a for profit-business with a bunch of middle men

Damien
It changes the entire crypto industry forever. P...

The question is who would they report to? What if they have no operations in the USA

Kas-Per Автор вопроса
Damien
It changes the entire crypto industry forever. P...

Why wouldn't you want to publish earnings reports?

Kas Per
Why wouldn't you want to publish earnings reports?

I think crypto is apples vs oranges compared to businesses. Most projects aren't ever going generate profit and survive off their own token

Kas-Per Автор вопроса
Damien
I think crypto is apples vs oranges compared to bu...

Then they should fail. I don't see a problem with that

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