FEG Token (FEGUST)

[xZx]

SEC chair Gensler hints at enforcement actions against crypto firms

https://www.theblockcrypto.com/linked/123346/sec-chair-gensler-hints-at-enforcement-actions-against-crypto-firms

"Sometimes, people focus on labels. For example, we hear terms like 'decentralized finance' (DeFi), 'currency,' or 'peer-to-peer lending.' It can seem easy to take these words at face value. Make no mistake: regardless of the label or purported mission, we will be looking at the economic realities of a given product or arrangement to determine whether it complies with the securities laws."

does FEG token have the financial muscle behind it to file with the SEC and meet all the agency's requirements to be a security?

i don't know -- i'd like to think they can.

i'm not turning bearish, but before US investors sink big bucks into this, i think that question should definitely be asked.

maybe FEG token's team should speak to this regulatory issue directly? what's their grand plan to meet all compliance?

if they can do that, we really do own a gorilla.