.Bitboy_Crypto says he once thought of adding $TRX to his portfolio. $XRP XRParmy scottmelker
After the US securities regulator filed a lawsuit against Ripple Labs in December 2020, many large exchanges began delisting the popular cryptocurrency as the SEC claimed that it was an unregistered security. Among those platforms were Coinbase, Bitstamp, and many others.
The SEC claims that Sun and his team created a targeted campaign to promote TRX and BTT. This included payments to celebrities, such as Lindsey Lohan and several others.Over the past few months, the US securities regulator has increased its activity hitting crypto exchanges with lawsuits, as if striving to gain full control over the crypto space.The regulatory agency has sent Coinbase exchange a Wells notice – a document that it usually sends prior to filing a lawsuit against the recipient.
In a series of tweets, he doubted that the SEC is actually protecting investors, tweeting “If this is the SEC protecting American investors, imagine if they tried to hurt them”. It also remains doubtful whether the Howey test that the SEC applies to digital tokens can be used to determine whether they are securities or not, according to some highly qualified securities lawyers at major law companies .
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