Topic: Can someone explain in simple words what's the SEC and why we need it? - page 2. (Read 444 times)
January 11, 2019, 06:19:16 PM
In simple terms is a governing body operating solely, and has got all the freedom to question anything that has got economic relation. These members have raised question against each and every corporate network. They have proven themselves, and with bitcoin these commission just ignores without reason. Maybe these people were the one from illuminati network. If bitcoin and blockchain technology reach the entire population of the world, they cannot control people further.
January 11, 2019, 06:05:40 PM
actually we don't really need the SEC, it's just a new rule so that crypto experts still follow the rules of certain people if crypto wants to keep going as they expect. SEC is also only optional which may not benefit at all, they just cannot protect crypto assets, how will they protect participants?
January 02, 2019, 06:14:06 AM
There is huge demand from institutional investors to add bitcoin to their portfolio but they can't do it without the SEC approving an ETF. When it happens the big money will enter the bitcoin market so accumulate before that happens
December 26, 2018, 05:55:13 PM
United state of america want to regulate bitcoin or crypto currency
As i know their have a group of bitcoin enthusiasm file to US security and exchange commission fro legality of crypto in the states
because US government want bitcoin become regulated to control their stable price moments that's the is the importance of sec
but until now the decision is delay because didn't know how to regulates and control bitcoin as volatile currency
As i know their have a group of bitcoin enthusiasm file to US security and exchange commission fro legality of crypto in the states
because US government want bitcoin become regulated to control their stable price moments that's the is the importance of sec
but until now the decision is delay because didn't know how to regulates and control bitcoin as volatile currency
December 26, 2018, 05:54:35 PM
I think that we don’t need them at all since all this time we have been fighting for decentralization and should not retreat from it
December 26, 2018, 04:56:17 PM
SEC is an American securities regulator. I think they are needed to create an illusion of legality, while rich people rule the SEC. I'm sure the SEC doesn't do good deeds.
December 26, 2018, 04:47:16 PM
When the SEC will accept bitcoin ETF all major world exchanges will be officially allowed to trade bitcoins under the control of the regulator. If all goes well, then all major investors will invest their money in crypto. This will be very useful for the market because it will be able to increase the capitalization of cryptocurrencies and their prices will grow rapidly. Therefore, everyone is waiting for this event.
December 26, 2018, 04:34:48 PM
I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?
Sure, the SEC is the U.S. Securities and Exchange Commission. It's only relevant to people who engage in securities trading from/for/with a U.S. based company or exchange. If you live outside the U.S. (as most of you do) you can stop reading now.
The SEC was created in 1934 to provide regulation over the companies (securities) that are made available for investment by the public (you). The idea for the regulating entity came after the U.S. stock market crash of 1929 which lead to the Great Depression, a time of severe unemployment and hardship for many in the US. The entity protects the public from being able to invest in scam companies or companies that commit fraud.
If Mt Gox were registered by the SEC as a cryptocurrency exchange the investors who had funds held with Mt Gox would have received some compensation (not complete, but partial) for the fraud that Mt Gox committed that led to loss of so many accounts and assets. BitConnect is another more recent example.
Since the SEC can impose their regulatory effort over the crypto world they continue to refuse to let crypto related entities or securities trade over their exchanges. It's not horrible. But of the SEC did accept a Bitcoin ETF it would be great for Bitcoin.
December 26, 2018, 03:30:49 PM
Can someone explain in simple words what's the SEC and why we need it?
I would like to answer the question mentioned in the subject line in simple words.
SEC is the regulator of the US stock market. Without the absence of SEC, anyone would register a company and list it to stock market to raise funds without having a real profitable business. That brings a significant risk because without a regulator anyone would raise money and run away without being caught.
So SEC is here to ensure that only real and profitable companies are listed in stock market so that the chance of being cheated are minimized. That's the real world usage of SEC in simple words.
December 26, 2018, 02:54:33 PM
I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?
the SEC is a pseudostatist organ of the private american banking cartel that runs it in order to fake an altruistic legitimacy,
it is not statist or public as the united states is not a communist society it is simply a private lobby organization created to represent the regulatory interests of the american banking cartel.
the american banking cartel is selfregulated and runs basically the united states.
regards
The SEC could be decommissioned or ignored at a moments notice. The banking sector like some other business sectors is required to self regulate because the leading experts all work for the banks. You cannot have people without any knowledge of an industry regulating it. It's evidently a conflict of interest but it's much better than the alternative.
December 26, 2018, 01:28:34 PM
I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?
the SEC is a pseudostatist organ of the private american banking cartel that runs it in order to fake an altruistic legitimacy,
it is not statist or public as the united states is not a communist society it is simply a private lobby organization created to represent the regulatory interests of the american banking cartel.
the american banking cartel is selfregulated and runs basically the united states.
regards
December 26, 2018, 01:24:56 PM
I think SEC is a Federal Organization in USA that regulates all the stocks in the country and are there to ascertain the transparency and easy transaction of every business trading, stock market, pricing check and balance. And I also think they are after crypto also because they want transparency in the trading for every of there people also they're into what should be lay down guidelines for every crypto enthusiasts.
August 24, 2018, 12:24:21 PM
SEC is the exchange commission of the US and is the deciding factor whether the institutional investors will get the ability to get involved with BTC or not. The governments are against BTC since it has trust issues with it because of its high volatility and pumps and dumps. This is why the SEC is delaying the announcement of BTC ETF. If approved the chances of BTC price rising high is higher. BTC ETF has attracted many people towards BTC these days.
August 24, 2018, 12:19:25 PM
I believe etf drama is one of the biggest contradictions in bitcoin community.
On one hand , many people are worried about it because institutional investors will have a legal instrument to buy bitcoin. We are talking about billions maybe trillions.
On the other hand , bitcoin was created so that we all could have a financial life away of this corrupted and Centralized financial system and institutional investors.
On the third hand (lol) I believe that bitcoin should allow anyone to participate. Even institutional money.
Institutional money also means pension funds, that is composed by millions of individuals. I think everyone should be able to buy bitcoin. No exceptions.
TLDR: ETF = Lambos.
On one hand , many people are worried about it because institutional investors will have a legal instrument to buy bitcoin. We are talking about billions maybe trillions.
On the other hand , bitcoin was created so that we all could have a financial life away of this corrupted and Centralized financial system and institutional investors.
On the third hand (lol) I believe that bitcoin should allow anyone to participate. Even institutional money.
Institutional money also means pension funds, that is composed by millions of individuals. I think everyone should be able to buy bitcoin. No exceptions.
TLDR: ETF = Lambos.
August 24, 2018, 10:47:58 AM
I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?
What's so important about it:
It can attract institutional investors into the market and can potentially solidify Bitcoin's status as an asset class. It's not without disadvantages though, as you can tell by the split opinions of the community.
Why it's good for the market:
It can potentially raise demand and, consequently, prices.
Why we get rejected:
The SEC thinks the Bitcoin market is too vulnerable to manipulation by unknown individuals, among a few other more minor things. This specific factor likely means no Bitcoin ETF will be approved in the near future.
August 24, 2018, 10:16:53 AM
The S.E.C. is like the trading exchange police, it's a financial market regulator, but that's an answer you could have known by looking for using a search engine. People were speculating too much on the ETF thinking it could give some trust or an approval from a governmental institution to Bitcoin and so a boost to its price.
edit: sorry, I was replying at the same time with @BitcoinNewbie15
edit: sorry, I was replying at the same time with @BitcoinNewbie15
August 24, 2018, 10:15:13 AM
I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?
The SEC is the entity that would approve or reject the ETF proposals. A lot of people think an ETF is an important decision because an approval would bring a great deal of legitimacy to Bitcoin as an asset. Also, it would open the doors for many institutional investors to easily diversify their portfolios into Bitcoin, as an ETF is essentially a way to buy Bitcoin straight off the stock market (however you don't hold the coins, the investment group does (risky)). This would be good for the market in a number of ways. Easy access to invest in Bitcoin is a good thing. However, In order for an ETF to get approved, the SEC needs to deem the asset to be regulated and not subject to anonymous manipulation. Obviously, Bitcoin can be manipulated easily by anonymous people, as most of the largest Bitcoin exchanges out there are not US based and therefore don't have KYC/anti-money laundering requirements.
This is why the last proposal was rejected and it's why future proposals are likely to be rejected as well.
August 24, 2018, 10:14:08 AM
With my view i think SEC means Securities and Exchange Commission. is a federal agency that regulates the U.S. stock market, the SEC contributes to the high standard of living we enjoy today. It does this by providing transparency into the financial workings of U.S. companies. It makes sure investors can get accurate and consistent information about corporate profitability.
August 24, 2018, 10:03:44 AM
I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?
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