Future Shapeshit | Song A Day #5545
Channel: Jonathan Mann
Date: 07/03/2024

The SEC sent Shapeshift a "cease and desist". Commissioner Hester Peirce wrote a 1 scene play in her dissent. I turned it into a musical.

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Hello, I would like to register 
As a dealer
WHY
I think some of the assets that I plan to deal 
Might be deemed securities by the SEC 
WHICH ONES

I’m not sure cuz I can’t 
really understand
How you decide if a token offering
Is a securities transaction and if it is
If the token that was the subject of the investment contract
Is still a security in secondary market 

Well if you don’t know if you’re dealing in securities
You can’t register
And by the way if some of what you deal with are not securities 
You also can’t register

Can you help us figure out
Which assets are securities

No - look at the DAO report
You can also refer to our enforcement actions

I’ve read it and I’ve read about
Your enforcement actions
I still have questions

HIRE A LAWYER

I did and the lawyer has 
Even more questions

Sorry we cannot help anymore than we already have
We don’t give legal advice 

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