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by CyberDildonics
1881 days ago
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Your link stated that the core of securities fraud is about making false positive statements about a company or stock. His statements were not false and not about a company or stock. It is debatable if they were even positive. Even your quote is only saying they wouldn't convert to USD and no time frame is given. There is no "exception" here. > It’s interesting that you once again accuse people of not knowing what they’re talking about because they disagree with your opinions. This is a hallucination. I didn't accuse anyone of anything. I asked if you read your link since it directly contradicts what you are saying. |
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Correct, it's not about a company or a stock, which is something I led with in my initial reply ("In any other asset class this would be..." -- which I have since learned applies unevenly to security types although for the record I was talking about stock). I haven't said he committed a crime, and I do not believe he has committed a crime.
I think it's pretty distasteful however to take advantage of the crypto community he claims to champion. Your claim he's not actively working them into a froth is certainly at best a generous take. [1]
> ...not about a company or stock. > There is no "exception" here.
This I do not believe to be entirely true. Some of the rules I linked, specifically the Securities Exchange Act, are written to apply to securities, not stock (which are of course a sub-type of security). I believe, and IANAL so this should be taken with a grain of salt, that security tokens should be covered by at least that law.
How about cryptos that represent stock, like the Tesla-stock backed coin Binance launched? That might just be a job for a judge to sort out.
> This is a hallucination. I didn't accuse anyone of anything.
I was making reference to past times you've specifically accused me of not understanding crypto. With that in mind, I read "nothing here would be significant if the other side of the equation wasn't people soaking up the slightest drip of nonsense and turning it into a frenzy of something they don't understand" as referring to me. If it did not, I apologize for misreading.
However, your characterization is once again neither charitable, nor particularly civil.
[1] https://www.forbes.com/sites/ronshevlin/2021/02/21/how-elon-...