Future of Cryptocurrency — Cryptos Are the New Securities
Earlier investors and other shared public used to undervalue the future of cryptocurrency market, i.e., there is no regulation and no real value in crypto. Still, recently the SEC considered just about all cryptocurrencies to be securities.
The US Securities and Exchange Commission (SEC) is an independent federal government regulatory agency tasked with protecting investors and ensuring that the securities markets operate pretty and orderly. In addition, the SEC promotes full public disclosure and protects investors' interests.
The crypto market, which came out of nowhere 15 years after the global financial crisis, has gained significant importance.
The chairman of the United States Securities and Exchange Commission has stated that "the law is clear on this" and that most crypto tokens are securities. However, the (CFTC) Commodity Futures Trading Commission has asked Congress for the power to regulate cryptocurrency spot markets.
This year, Congress has received several bills that would give the CFTC the necessary power.
CFTC or SEC — Who Will Regulate the Future Of Cryptocurrency?
Before we discuss the federal agency in the limelight for crypto regulation, let's know what CFTC Is.
The U.S. government's independent Commodity Futures Trading Commission (CFTC) was established in 1974 to oversee the country's derivatives markets, which include futures, swaps, and specific types of options. The commission's responsibility is to oversee the U.S. derivatives markets.
The question of which federal agency should regulate the crypto market has recently received much attention. While Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), insists that most of the crypto tokens are securities and should be governed by the SEC, many people and lawmakers think the CFTC should be in charge of overseeing the crypto industry.
Furthermore, this year, three bills have been introduced in Congress to make the CFTC the crypto market's regulator.
Although it has not yet been decided which agency will regulate the market, the SEC has made a strong statement in its favor.
UFUND's Security Token Similar to Shares
SEC Chairman Gery Gensler has already stated that the law is clear on crypto and positioned the crypto market as the traditional securities market. So now UFUND's token holders are given the same status as the shareholders.
A UFD token is analogous to a common share, and the owner of a UFD token domiciled or resident in the United States is a shareholder under REG D status . The owner of a UFD token outside of the USA is a shareholder under REG S status. Both types are similar in rights, the only limitation concerns where to trade these securities. UFD Red , only tradable in the US . UFD Reg S tradable globally outside the USA.
The UFD utility token can only be used on the UFUND platform in exchange for certain rewards.
Recognition of crypto markets by the SEC chairman is an excellent step for crypto tokens and other blockchain-based currencies.
Now Hold Securities From UFUND's Platform
Cryptos are the new securities in the U.S., soon to be regulated under one of the two major federal agencies. So now acquire your own UFD token from UFUND's Platform and become a shareholder.
UFUND's content-driven platform is built to meet the demands of individuals and businesses who need access to capital where traditional credit lines are not an option. In addition, UFUND creates a space where retail and crypto-centric investors can network and learn about new opportunities.
Know More About the New UFD Security Token
Total token supply: 500 000 000
— total count of tokens created and circulated in the market: 250000000
• Current price: US$20=8.70 Matic
Hold time of UFD security token : 12 months unless otherwise decided by the membership managers
• Expected transaction volume per year: 2 500 000
• Transaction time through blockchain , broker dealers or secondary market instant to one hour
Depending on your country, buy either your UFD Reg D or Reg S security from our platform now .
Conclusion
The legal status of cryptos varies substantially from country to country, but the U.S. has now given a clean chit for the prosperous future of cryptocurrency. Recognition of cryptos for regulation under the SEC and CFTC is not only a breakthrough but a promising step for the growth of the crypto market.
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