The US SEC will go after most altcoins since they are actually securities, said Kiyosaki.
Robert Kiyosaki believes the US regulators will go hard against most alternative coins once they are classified as securities.
As such, the author of several best-seller books continues to invest only in bitcoin, which the CFTC and even the SEC have said is a commodity.The 75-years old US entrepreneur, author, and investor changed his tune on the primary cryptocurrency during the COVID-19-induced crisis, saying the asset had proven itself in times of extreme uncertainty.
The case with Ethereum’s native cryptocurrency is rather similar, and it got even more complicated following the blockchain’s
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