Dogecoin Foundation Director: DOGE is a fork of Bitcoin and is not a security

ChainCatcher news, Dogecoin Foundation board member Marshall Hayner refuted the view that Dogecoin (DOGE) is a security in a recent interview with Fox Business. He stated that securities are typically a type of financial asset with expectations of future profits and a centralized entity behind them, characteristics that do not apply to Dogecoin.

Moreover, unlike other crypto projects, Dogecoin founders Jackson Palmer and Billy Markus did not use the project to accumulate significant wealth. Marshall Hayner believes that Dogecoin is a fork of Bitcoin, and if Bitcoin is not considered a security, then Dogecoin should not be either. (Source link)