Facebook's crypto plans look a lot like the ones the SEC is trying to stop - 0 views
-
John Kiff on 27 Jun 19The Libra investment tokens will give founding members the right to a portion of funds from a future reserve as well as incentives in Libra coin. The Libra Association is clear that it intends for the Libra coin sold to users on its blockchain to be a currency. However, the intermingling of the Libra coin as incentives for the founding members may be viewed by the SEC as integrating the offerings of the Libra investment tokens and the Libra coin, making the Libra coin a security as well from the SEC's viewpoint.