Ryan Taylor recently stated that Dash went through a pretty rigorous process of developing a set of legal arguments and then presenting those to the SEC. And, subsequent to that he stated, they got a Crypto Rating Council rating of 1.0 which is the same as Bitcoin. it is the lowest and best score you can achieve on the Crypto Rating Council Scale.

Dash tweeted:  Dash Core Group CEO Ryan Taylor was recently asked by @beincrypto: Why should #Dash be treated the same as #Bitcoin from a regulatory standpoint in terms of SEC and FATF Travel Rule?

Ryan Tylor further stated, So, I think it is very clear at this point that Dash is not a security. We never held an ICO.  There is no centralized issues.  There really are very few if any reasons why you could point to Dash being a security on par with Bitcoin itself.

He further spoke that on the issue of privacy, there has been a lot of noise about the FATF Travel Rule and other things that are getting implemented and whether or not so called privacy coins can be compliant with that.

What we utilize in our PrivateSend function is CoinJoin, which is a technique for complicating transactions to the point that they are more difficult for analytics firms to analyze those.  CoinJoin is available and has been available with Bitcoin since 2013.

And in fact, we conducted PrivateSend Transactions exact duplicates of them on Bitcoins blockchain just to show that there is no functional difference. No legally definable difference between the transactions.

What Dash has done is standardized those CoinJoin transactions.  We have made them easier and cheaper to implement for the user. They literally just push a button, but making something simpler or easier does not make it legally different in anyway. And, so, you know we’ve had to do a great deal of education with regulators.

We engage with them regularly with regulators across the globe, same with exchanges. So, it’s an education process to show them that there are no legally definable differences between the transactions themselves.

It is also interesting to see that Ryan also points out how Bitcoin has off-chain transactions via Lightning Network which is something that Dash doesn’t support as Dash plans to continue to scale on-chain.

Sydney Ifergan, the crypto expert tweeted:  “It just looks like post-recession all cryptos like Cardano, Dash, Ethereum, and TRON are all in a race!”