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@Multisiteltd — Ben Rogers ☀️(Luciflare)

Posted - February 6, 2024 at 5:20 PM

Saved - February 7, 2024 at 9:14 AM

reSee.it AI Summary

Big news: XRP, FLR, and SGB are not considered securities. XRP went to court, while Flare didn't ICO and air dropped tokens. Haters complained about price drop, but now it's clear why it was done. Nothing is free.

@Multisiteltd - Ben Rogers ☀️(Luciflare)

This is the Big News then 👍 Luckily $XRP $FLR & $SGB are not securities 😊 XRP had to go get their day in court Flare didn’t ICO & Air Dropped the tokens = none securities - all the haters bitched & moaned about the price going down & now you know why they did it - nothing is free in this world 🌍

@HighVibeAssets - HighVibe 💥🔥💥

“Congress must pass regulation to digital assets that ARE NOT SECURITIES” Which #Crypto asset has been deemed NON-SECURITY STATUS? #Xrp 🚀 https://t.co/jhC7NX2oqe

Video Transcript AI Summary

The speaker discussed the council's focus on digital assets and the risks associated with them, such as runs on crypto asset platforms and stable coins. They emphasized the need for enforcing applicable rules and regulations and called for legislation to regulate stable coins and the spot market for non-securities crypto assets. The speaker expressed their willingness to engage with Congress on these matters and invited questions from the audience.

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Full Transcript

Speaker 0: Council is focused on digital assets and related risks such as runs such as from runs on crypto asset platforms and stable coins, potential vulnerabilities from cryptoassetpricevolatility, and the proliferation of platforms acting outside of or out of compliance with applicable laws and regulations. Applicable rules and regulations should be enforced, and Congress should pass legislation to provide for the regulation of stable coins and of the spot market for cryptoassets that are not securities. We look forward to continuing to engage with Congress on this. With this overview, I look forward to taking your questions on these