Mortgage Agreements for Tokens can be Considered Securities in the US

03/16/2023 20:03 • Blockchain Briefs • 130 views

According to reports, Gary Gensler, chairman of the Securities and Exchange Commission, advised reporters on Wednesday that tokens using mortgage agreements can be considered securities under U.S. law. Gensler said, “The investing public is investing in expected returns, expecting something from these tokens, regardless of whether they are proof of equity tokens. They also want to receive returns from these proof of equity tokens and receive returns of 2%, 4%, and 18%.”

SEC Chairman: Tokens using mortgage agreements can be considered securities

Analysis based on this information:

In a recent update, reports suggest that Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), has stated that tokens which use mortgage agreements could be deemed securities under US law. This statement has significant implications for the cryptocurrency world, especially regarding the classification of tokens and their regulation under US securities law.

Gensler highlights that the investing public is expectant of returns from these tokens, regardless of whether they are considered equity tokens. He suggests that investors want returns of 2%, 4%, and 18% from these proof of equity tokens, which can add up to a significant amount of money. Given that these tokens are backed by a mortgage, it is crucial to view them as securities to safeguard investors’ interests.

This announcement by Gary Gensler comes at a time when regulators worldwide are trying to grapple with the regulation of the cryptocurrency space. There has been a hot debate among regulatory agencies about whether tokens are securities or not, and this statement is likely to be a turning point for cryptocurrency regulation.

It is essential to note that securities laws exist to protect investors and ensure that financial market activity is conducted in a fair, transparent, and efficient manner. The classification of mortgage-backed tokens as securities means that tokens’ issuers will be required to disclose all of the necessary information to investors about the product’s risks and potential returns. This move will not only ensure a more transparent and fair playing field for investors but also help prevent any potential malpractice or unethical behavior in the crypto space.

In conclusion, Gary Gensler’s announcement that mortgage agreements for tokens may be considered securities under US law is a significant development in the cryptocurrency industry. This move will undoubtedly help safeguard investors’ interests and provide more transparency for financial market activity in the cryptocurrency space. It is important to note that this announcement is part of a growing trend of regulatory agencies worldwide grappling with the proper classification and regulation of cryptocurrencies, and it will be interesting to see how this space evolves in the future.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/16/mortgage-agreements-for-tokens-can-be-considered-securities-in-the-us/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Mortgage Agreements for Tokens can be Considered Securities in the US

SEC Chairman: Tokens using mortgage agreements can be considered securities

Recommended articles