Crypto-Securities.. SEC Regulations!

Hey guys,

As some of you may know, The Security Exchange Commission has declared thtat Cryptocurrency Exchanges will be regulated as securities that must pass the Hewey Test.

All registered exchanges must do the following:

(1) file with the Commission a notice of operation and quarterly reports; (2) maintain records, including an audit trail of transactions; and (3) refrain from using the words “exchange,” “stock market,” or similar terms in its name.

(1) grant or deny access based on objective standards established by the trading system and applied in a non- discriminatory manner; and (2) establish procedures to ensure adequate systems capacity, integrity, and contingency planning.

With this in mind, How do you think Crypto Currency Exchanges being classified as selling Securities affect it's adoption in the future?

Do you feel as though it's a just Classification?

Let me know your opinion in the comments!

Happy Hodling!