SEC announces ether is not a security!!!

BeNBeNfdnzm

full member

Activity: 238

Merit: 100

Quote from: simongoat on June 14, 2018, 03:28:58 PM

Are bitcoin and ether securities? Finally, one of the biggest questions and debates
in crypto has been answered by the SEC, officially.

In an announcement at Yahoo Finance’s All Market Summit: Crypto in San Francisco
on Thursday, the U.S. Securities and Exchange Commission Director of Corporate
Finance William Hinman said that the commission would not be classifying ether or
bitcoin as a securities.

https://finance.yahoo.com/news/sec-announces-ether-not-security-162658147.html?guccounter=2

Obviously this is great news, maybe the uncertainty is partly responsible for this latest bear market. Today prices have picked up so we can only hope it continues upward now we have some clarify from the SEC. Is there more clarity to follow.....

That is really great news for crypto community! Many people were affraid about the status of crypto currencies, but now more people will invest into this!

tangbori

member

Activity: 272

Merit: 12

Yes, the news came out yesterday that ethereum is not a security token, I was actually expecting that new to make the cryptocurrency go a little bit green but it doesn't really have any effect on the entire crypto market.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

this was a great opportunity to make a nice amount of profit in a very short time. as this announcement came out the altcoin rises started. in fact i bought some ethereum for this which i have already dumped for the profit.

it is always important to keep your eyes on news like this to take advantage of the dead cat bounces like this one. you just have to be careful not to miss the timing for your sells.

LankaJay

newbie

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Merit: 0

can someone explain the effect that can happen from this news.

. Because simply I don't understand it. Why we can expect an upward trend after this news ?.

cherryscarlett

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Merit: 10

Power the World for FREE

People are always worried about the SEC's definition of an encrypted money market.
At the moment, the ETH is good news because not securities are not regulated. Grin

SistaFista

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Activity: 1638

Merit: 251

Hexhash.xyz

Quote from: simongoat on June 14, 2018, 03:28:58 PM

Are bitcoin and ether securities? Finally, one of the biggest questions and debates
in crypto has been answered by the SEC, officially.

In an announcement at Yahoo Finance’s All Market Summit: Crypto in San Francisco
on Thursday, the U.S. Securities and Exchange Commission Director of Corporate
Finance William Hinman said that the commission would not be classifying ether or
bitcoin as a securities.

https://finance.yahoo.com/news/sec-announces-ether-not-security-162658147.html?guccounter=2

Obviously this is great news, maybe the uncertainty is partly responsible for this latest bear market. Today prices have picked up so we can only hope it continues upward now we have some clarify from the SEC. Is there more clarity to follow.....

Yes of course it is not a security coin. You are not getting paid just by holding ETH arent you ?
Peoples who consider ETH is a security coin are wrong in the first place, and SEC is do the right things by clarify it.
Maybe because this news, crytocurrency back to the green market again recently.

mrox2011

newbie

Activity: 181

Merit: 0

Quote from: LeGaulois on June 14, 2018, 03:56:21 PM

The good news is: who cares? Bitcoin isn't American and the SEC doesn't rule the world. Santa Claus has more authority worldwide than the SEC.
On a serious note, yes we shouldn't care about the SEC every time. If it was North Korea noone would have paid attention to it

This is positive thinking! world no need to care about one country's opinion than whole world, I think one company or county can't give anything about Cryptocurrency. because this is not anyone's property!

gentlemand

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Welt Am Draht

Quote from: LeGaulois on June 14, 2018, 03:56:21 PM

The good news is: who cares? Bitcoin isn't American and the SEC doesn't rule the world. Santa Claus has more authority worldwide than the SEC.
On a serious note, yes we shouldn't care about the SEC every time. If it was North Korea noone would have paid attention to it

For better or worse, the US has global reach. Observe how many exchanges reject Americans, even American exchanges. Something like this affects everything everywhere.

What I'm really curious to know is which projects are securities. There must be some big names in there and I wonder how they'll react when their status becomes clear.

LeGaulois

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Top Crypto Casino

The good news is: who cares? Bitcoin isn't American and the SEC doesn't rule the world. Santa Claus has more authority worldwide than the SEC.
On a serious note, yes we shouldn't care about the SEC every time. If it was North Korea noone would have paid attention to it

DooMAD

legendary

Activity: 3724

Merit: 3063

Leave no FUD unchallenged

I didn't think BTC ever had much chance of being declared a security, in the US, at least. It doesn't really fit their criteria. ETH was slightly more doubtful because people were trading it before the coin had officially launched, which blurs the lines a bit. ETH fans should probably breathe a sigh of relief.

I'm also hopefully optimistic that, because the article completely neglected to mention Ripple, there's still a chance they might categorise that centralised crapcoin as a security. Cheesy

Anything launched as an ICO is at high risk of being labelled a security by the regulators.

//EDIT: Plus, ditto to what LeGaulois said just below, heh.
*Insert post about the SEC being "loudmouth dumbasses" here*
All it would really do is cause a temporary blip to the fiat prices anyway.

funchiestz

sr. member

Activity: 1134

Merit: 342

We just needed a good one to come out of here. I thought the news from the SEC would be positive. It didn't happened.

aezotxmb

newbie

Activity: 116

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This is a good news, of course. This illustrates the US Securities and Exchange Commission's attitude towards world encryption. Such news is helpful to the development of the community.

simongoat

full member

Activity: 392

Merit: 102

Are bitcoin and ether securities? Finally, one of the biggest questions and debates
in crypto has been answered by the SEC, officially.

In an announcement at Yahoo Finance’s All Market Summit: Crypto in San Francisco
on Thursday, the U.S. Securities and Exchange Commission Director of Corporate
Finance William Hinman said that the commission would not be classifying ether or
bitcoin as a securities.

https://finance.yahoo.com/news/sec-announces-ether-not-security-162658147.html?guccounter=2

Obviously this is great news, maybe the uncertainty is partly responsible for this latest bear market. Today prices have picked up so we can only hope it continues upward now we have some clarify from the SEC. Is there more clarity to follow.....

Topic: SEC announces ether is not a security!!! (Read 133 times)