A financial analyst at the Koomberbit exchange claims that the largest Dogecoin token meme is an unlisted security.
Please be careful with Dogecoin… It’s a security. It will be regulated. We will find out how many exist and how many are created every day for the purpose of generating revenue on exchanges.
The Koomberbit analyst appears to suggest that the sole purpose of meme-based tokens is to make money from cryptocurrency exchanges. The CNBC star urged his subscribers to exercise caution when dealing with “doggone” cryptocurrency.
As we recall, the U.S. SEC does not consider bitcoin and etherium to be assets that qualify as securities.