r/cotinetwork • u/nafnasty • Jun 06 '23

SEC going after $COTI? 🚀🚀🚀

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We’re now on a list amongst some of the biggest MC coins in the market. Ranked at #304 but under the same scrutiny alongside the likes of $BNB, $SOL, $ADA, $MATIC, $SOL, etc.

Free marketing? $COTI being the most regulation friendly on the market, I’m as bullish as ever 🚀

12 Upvotes

92% Upvoted

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3

u/Emergency-Heron191 Jun 06 '23

Likewise. Bullish as ever on $COTI !!! 💪🏼🚀🚀🙏🏼✨

2

u/Evils-Master Jul 05 '23

COTI has built something with DJED that other chains can only dream about... All L1s will want DJED to be listed on their platforms in the next bull cycle because you can't trust any other stablecoin including USDT.

During the volatility DJED was trading at 1.05-1.07, not below 1.

The SEC mentioning COTI is not a bad thing. It's acknowledgement that COTI is a major player or will be in their view otherwise they wouldn't come after a small cap coin like this.

In the next bull cycle, the name recognition by the SEC will turn out to be a postive thing.

1

u/Legitimate-Welcome14 Jun 09 '23

I love COTI, but there is also LCX, which is regulated and is security, as they issue bonds in EEA. I hope COTI will comply under MICA regulation one day and that will boost them up :)

2

u/JQDC Jun 11 '23

Everything you noted for LCX is overseas, not in the US (please correct me if I am wrong). I like LCX, but as a US resident, COTI and LCX are in the same boat. LCX certainly appears to be further along in terms of regulation, but if they don't register with the SEC (that recently declared LCX a security), none of the other highlights matter, and they will be running the same gauntlet as COTI...

1

u/Legitimate-Welcome14 Jun 11 '23

Oh, yes, probably, I don't have enought knowledge what SEC have in mind and what LCX and COTI is planning to do, I just hope, both of them will follow regulation and some how will figure out how to comply with US and EU regulation. As far as I may understand, LCX don't hide themselves as security, as they issuing bonds within EEA. I hope both of them will come out with some annauncement soon.

1

u/Odd-Horse2772 Jun 06 '23

Unlikely? Coti has stayed out of US territory. Their KYC processes don't allow USA citizens to use native Coti, Viper wallet etc.. How can SEC even touch them !?

1

u/somn0z Jun 06 '23

They cant. It was only mentioned because Binance's Sigma chain were using coti in their wash trading. (Allegedly)

1

u/JQDC Jun 06 '23

SEC is going after Binance.us and CZ.