Did Stellar (XLM) Break Securities Law with Coin Burn?

Stellar XLM coin burn illegal

The Stellar (XLM) coin burn, announced last week, may bring attention to the asset as potentially breaking the US SEC’s securities law. XLM Burn Raised Burning Questions A Reddit poster speculated that the decision to burn 55 billion XLM coins may attract the attention of regulators. The decision of the Stellar Development Foundation to decrease its funds resembles governance of stock issues, suggested the poster. At the moment, the US Securities and Exchange Commission may

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Author: toutiao