The post Crypto Airdrops in Danger? SEC’s Shocking Moves Exposed! appeared first on Coinpedia Fintech News
House Republicans Tom Emmer and Patrick McHenry are pressing SEC Chair Gary Gensler for clear answers on how the Securities and Exchange Commission (SEC) classifies cryptocurrency airdrops. In a letter sent on September 17, the lawmakers expressed concerns about the SEC’s recent legal actions, where airdrops were labeled as “unregistered securities.” They urged Gensler to respond by September 30, outlining how crypto airdrops fit into the agency’s regulatory framework.
SEC’s Approach to Airdrops Under Scrutiny
The SEC’s treatment of airdrops in lawsuits has sparked concern. In 2022, the agency sued Hydrogen Technology Corporation for market manipulation involving Hydro tokens distributed via airdrops, labeling them as “unregistered securities.” In 2023, the SEC similarly accused Justin Sun and firms linked to BitTorrent of offering unregistered month
We współpracy z: https://coinpedia.org/news/crypto-airdrops-in-danger-secs-shocking-moves-exposed/
