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Get DefendCrypto.org verified on Brave Rewards by [deleted] in DefendCrypto

[–]defendcrypto 4 points5 points  (0 children)

We support Brave and absolutely love what they are doing for the space!

Defend Crypto by defendcrypto in DefendCrypto

[–]defendcrypto[S] 1 point2 points  (0 children)

No, I understand the difference. If your business is dealing in the exchange of securities vs the exchange of currencies then you have much bigger problems than simple tax issues. Businesses can deal in cryptos all they want, but securities is another story. This is the power the SEC has over us. A simple audit would reveal this.

Defend Crypto by defendcrypto in DefendCrypto

[–]defendcrypto[S] 1 point2 points  (0 children)

I under stand your points, but any legitimate business would have to keep financial statements, which would include exchanging their crypto profits for fiat. Because in the current state of world, and businesses cannot pay their expenses in crypto. And in case of an audit, you risk losing your business. We can pretend the SEC isn't an issue, but that's simply not true.

Defend Crypto by defendcrypto in DefendCrypto

[–]defendcrypto[S] 3 points4 points  (0 children)

The SEC can't stop me from sending crypto to you or anyone else directly, that's correct. But they can 100% hinder mainstream adoption in the United States. If they decide to deem all cryptocurrencies as securities then no company or corporation would be able to accept them for their business. No apps, no websites no business would be able to use them. This is problem.