Web3 Basis makes daring declare to SEC: ‘DOT shouldn’t be a safety. It’s merely software program’
The entity supporting analysis and improvement of in addition to overseeing fundraising efforts for the blockchain has argued that the US Securities and Trade Fee shouldn’t take into account the DOT token a safety underneath its regulatory purview.
In a Nov. 4 weblog put up, the Web3 Basis Group’s chief authorized officer Daniel Schoenberger stated Polkadot’s native token (DOT) had “morphed” and was “software program” quite than a safety. Schoenberger stated the declare was “per the views” it had shared with the SEC following discussions it started in November 2019.
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