Re:Robinhood Crypto Gets Wells Notice from US SEC
by oarsinsync on Monday May 06, 2024 @04:44PM
(#40279294)
> Commodities are consumable goods that get transformed through usage in industrial or commercial processes. Gold and silver can be transformed into jewelry. Securities, on the other hand, grant holders the right to periodic benefits like dividends, coupons, principal repayments and potential profit shares.
> How are you consuming crypto? What commercial or industrial process are being used?
What rights does holding bitcoin confer to the holder? I get no dividends, coupons, principle repayments or potential profit shares.
We’ve nicely entered why this argument still rages on. It doesn’t fit cleanly into either definition.
Commodities are consumable goods that get transformed through usage in industrial or commercial processes. Gold and silver can be transformed into jewelry. Securities, on the other hand, grant holders the right to periodic benefits like dividends, coupons, principal repayments and potential profit shares.
How are you consuming crypto? What commercial or industrial process are being used?