Topic: [2018-04-19] NYT - Venture Capitalists Seek ‘Safe Harbor’ for Virtual Currencies (Read 47 times)
April 19, 2018, 09:26:18 PM
I don't think ether can be classified as a security now no matter how it came into being. It simply doesn't pass the Howey test since profit from investment in ether no longer comes from the efforts of a promoter or third party.
April 19, 2018, 06:45:10 PM
https://www.nytimes.com/2018/04/19/technology/virtual-currency-securities.html
'Venture capitalists and entrepreneurs have been lobbying federal regulators to protect at least some virtual currencies from being categorized as securities, a designation that would carry significantly more oversight.'
https://twitter.com/nathanielpopper/status/987102412082069504
i think the journalist above is something of an asshole fudster but he does uncover some good info. if ethereum is classed as a security then it'll be in a whole world of pain. i can't see it happening myself.
'Venture capitalists and entrepreneurs have been lobbying federal regulators to protect at least some virtual currencies from being categorized as securities, a designation that would carry significantly more oversight.'
https://twitter.com/nathanielpopper/status/987102412082069504
i think the journalist above is something of an asshole fudster but he does uncover some good info. if ethereum is classed as a security then it'll be in a whole world of pain. i can't see it happening myself.
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