The US Securities and Exchange Commission (SEC) has categorized DASH as a security token. Unlike other major Proof of Work (POW) tokens like Bitcoin (BTC), Litecoin (LTC), Monero (XMR), Ethereum Classic (ETC), and Zcash (ZEC), DASH stands alone as the only major POW token listed as a security. This decision has raised questions and sparked debates within the crypto community regarding the rationale behind the SEC’s classification.
According to the indictment, the SEC emphasized the existence of a centralized entity known as the Dash Core Group. This group is responsible for promoting and disseminating information about DASH, which, according to the SEC, turns DASH holders into investors. This key distinction is what separates DASH from other prominent cryptocurrencies.
DASH’s centralized governance structure, represented by the Dash Core Group, has played a crucial role in the SEC’s classification. The SEC argues that the group’s promotion and dissemination of information create an investment-like relationship between DASH holders and the Dash Core Group.
Debates and Skepticism:
The SEC’s decision has triggered debates and skepticism within the crypto community. Some individuals believe that the US government is fabricating claims and accusations to further its own agenda. Comparisons have been drawn to the politically motivated