Topic: SEC announces that ETH is not a security (Read 1922 times)
after all the hoo haa. its all end with silence. after so many months, SEC still havent come out a conclusion.
I don't know if this is a good news or not i need some one to interpret that for me. I get that they are decentralized and i don't know it implications
The core is that the SEC supports once on the system developed by Bitcoin and Ethereum.This coin keuda is always in the ICO and is the main choice for ICO payments, with a high level of security, Bitcoin and Ethereum are still open to the SEC.
SEC it is not only one government regulator in the world. SEC only for US territory and citizens. Moreover it is the decision for current moment and this can be changed anytime, if it will be needed for government.
Security Exchange Commission is a government agency that handles the investments and corporations in the Philippines, I think the lost of its written contract in each transaction gives them a no security investment.
I believe any invest can’t guaranty you success. Ethereum is one of the best crypto currency after bitcoin. Peoples are investing on this project and they earn profit. That’s why i think ethereum is safe for invest.
Basically crypto market is fully decentralized based on this the crypto market has less chances of hack or any problems but in here scams are available so this scams should be ignore because it may cause of loss and this topic is really interesting but I don’t think eth is scam but we should know the proper reasons.
I don't completely agree with this. Bitcoin and Ether are to some extent trustworthy cryptocurrency in the market. The ICOs are scammy these days and it is hard to detect which ones are genuine..
Basically I don’t think that eth is unsecured based on SEC I don’t know the main reason why they are telling like this but most of the people now invest their money in here also they are giving good profit may there any 3rd party who wants to collapse this position but I don’t think about it.
I am also confused, how the security criteria they mean?
maybe they will make their own market and also their own coins or tokens according to their wishes.
I am sure the SEC will not solve the problem, but they will create confusion and new problems in the world of crypto.
maybe they will make their own market and also their own coins or tokens according to their wishes.
I am sure the SEC will not solve the problem, but they will create confusion and new problems in the world of crypto.
I am hope ful after getting this news that now the prices will soon be recovered. If SEC if regulating cryptocurrency fairly then it will certainly be positive and more countries may also allow it in their country after being regulated. Regulation is better than ban after all.
I don't think this will affect the real users of Ethereum. Ethereum's features are attracting the investors gradually.
It is heard that, it has been declared by the ICOs and the SEC that ETH and bitcoin are not security. SEC will take control of the ICOs which are security mainly.
I was about to post this. In my book, this proves two thing:
1) That someone within the government or at least enough influence to impact's the SEC decision on deciding if Ethereum is a security or not, is bagholding massive bags of Ethereum (maybe not proves, but definitely strengthens this conspiracy theory)
1) That someone within the government or at least enough influence to impact's the SEC decision on deciding if Ethereum is a security or not, is bagholding massive bags of Ethereum (maybe not proves, but definitely strengthens this conspiracy theory)
*They* are also bagholding bitcoin. I'm pretty sure banks invest in crypto meanwhile they said people to stay away from it // "invest in gold, silver, forex... cryptomarket is a dangerous snake"
Quote
2) That the altcoin bubble has just begun and will continue growing for a long time until something really bad happens technologically in any of the top 10 altcoins, when that happens a mass exodus into Bitcoin will ensue.
The altcoins just wait for the next generation, maybe TON will show the future with a real daily use.
But we all knew Bitcoin is not a security and it would look ridiculous if the claimed otherwise for whatever reason. Now with ETH you have to make an exercise in stretching out law interpretation in order to not classify it as a security ("it was a security in t0, then in t1 it was not a security..."). Im not sure about that but it is what it is and that's what they've decided.
I don't know what TON is but upon a fast research looks like Telegram devs jumping on the blockchain bandwagon. I don't know if they can deliver a solid product but I don't see an obvious reason for governments wanting to cold storage that token nonetheless, unless they see something exploitable by being 51%+ whales.
Yes, TON will be the 2D blockchain within Telegram, they already raised 1.7 billion on pre-sale 1 and 2 then closed the ICO to avoid problem with the SEC.
If you want to take a look : https://www.docdroid.net/JtdY7Jg/ton.pdf (this is the technical part).
And here is the whitepaper, less interesting in my point of view : https://icorating.com/upload/whitepaper/gNQ7e9z3lCGi519Wz8mmC0Kg8aA0goeZKAQ802vo.pdf
Anyway, if it's not them it will be another one, they will show the road for the crypto daily use. That's what we are all waiting for.
yeah!!!
this is a really big great news!
Ethereum, ICOs and other cryptos must be regulated with brand new laws!
A new paradigm is born, regulators can't say the contrary!
this is a really big great news!
Ethereum, ICOs and other cryptos must be regulated with brand new laws!
A new paradigm is born, regulators can't say the contrary!
This news are good, also SEC said that Bitcoin is not securities. But tokens that made ICO on Ethereum platform are securities... And it can be really bad, especially for ICO from USA. I can't understand the logic of regulator! Why the tokens are gonna be securities, but the platform they are built on - no! It is very strange in my opinion.
This is a good news and this regulation is necessary to work in peace with crypto. Else there is probability that crypto will be used in drug dealing and other illegal purposes. This will have a positive effect on the price hopefully.
I was about to post this. In my book, this proves two thing:
1) That someone within the government or at least enough influence to impact's the SEC decision on deciding if Ethereum is a security or not, is bagholding massive bags of Ethereum (maybe not proves, but definitely strengthens this conspiracy theory)
1) That someone within the government or at least enough influence to impact's the SEC decision on deciding if Ethereum is a security or not, is bagholding massive bags of Ethereum (maybe not proves, but definitely strengthens this conspiracy theory)
*They* are also bagholding bitcoin. I'm pretty sure banks invest in crypto meanwhile they said people to stay away from it // "invest in gold, silver, forex... cryptomarket is a dangerous snake"
Quote
2) That the altcoin bubble has just begun and will continue growing for a long time until something really bad happens technologically in any of the top 10 altcoins, when that happens a mass exodus into Bitcoin will ensue.
The altcoins just wait for the next generation, maybe TON will show the future with a real daily use.
But we all knew Bitcoin is not a security and it would look ridiculous if the claimed otherwise for whatever reason. Now with ETH you have to make an exercise in stretching out law interpretation in order to not classify it as a security ("it was a security in t0, then in t1 it was not a security..."). Im not sure about that but it is what it is and that's what they've decided.
I don't know what TON is but upon a fast research looks like Telegram devs jumping on the blockchain bandwagon. I don't know if they can deliver a solid product but I don't see an obvious reason for governments wanting to cold storage that token nonetheless, unless they see something exploitable by being 51%+ whales.
I was about to post this. In my book, this proves two thing:
1) That someone within the government or at least enough influence to impact's the SEC decision on deciding if Ethereum is a security or not, is bagholding massive bags of Ethereum (maybe not proves, but definitely strengthens this conspiracy theory)
1) That someone within the government or at least enough influence to impact's the SEC decision on deciding if Ethereum is a security or not, is bagholding massive bags of Ethereum (maybe not proves, but definitely strengthens this conspiracy theory)
*They* are also bagholding bitcoin. I'm pretty sure banks invest in crypto meanwhile they said people to stay away from it // "invest in gold, silver, forex... cryptomarket is a dangerous snake"
Quote
2) That the altcoin bubble has just begun and will continue growing for a long time until something really bad happens technologically in any of the top 10 altcoins, when that happens a mass exodus into Bitcoin will ensue.
The altcoins just wait for the next generation, maybe TON will show the future with a real daily use.
So like I said: If Ethereum came out today, it would be deemed an illegal security by US law.
I guess Ethereum holders lucked out with this one. I guess they did this to not screw up the current market, but I also think someone with SEC influence is bagholding ETH and this was in their interest.
At the end of the day they are screwing up the people that could get rich from investing in something very early to save the idiots that cannot do research. Once again government regulators screwing up those that put the work (to do the research) vs these that don't put the work and invest in obvious scams such as Bitconnect
This is the unfortunate aspect of the law.
And, the unintended consequence is many of blockchain projects will move outside of the United States so that they can raise capital prior to Network Launch.
The overall conclusion is that the SEC is losing money by missing on potentially the next big gem that happens through ICO means of raising capital. Who knows? Not 100% ICOs have to be scams, some are legit, and these few (which people here could find and invest in) are not going to take place in US as you said. As always regulations kicks out innovation.
It will avoid some idiot in investing on the next Bitconnect doing 0 research but said idiot will always find a way to invest in any other scam, just like the smart guy (that of course doesn't qualify as "qualified investor") will still find ways to invest even if they are US citizens.
The net result is the same, they are just annoying people that actually put work in research.
Im not sure if a VPN will be enough to invest on non US hosted ICOs as a US resident or they will also ask for ID+picture, but im sure they will find a workaround.
I believe his speech was not necessarily so positive because, on the other hand, the director stated everything you put money with intention to sell higher is a security, so everything else can be a security.
There is a lot of nuance determining whether something is a security.There are plenty of things you can buy with expectation it will go up in value that aren't securities. This expectation is one of several criteria.
The emphasis in this ruling is whether after Network Launch the network is decentralized, where it isn't controlled by a "third party". He said in the case of the Bitcoin and Ethereum networks these were adequately decentralized, and therefore, wasn't controlled by a third party thus making these not securities.
In contrast, Ripple and EOS are controlled by a central authority, which means they may be considered securities.
Ethereum is decentralized? Vitalik has enough power in Ethereum that it appears centralized to me.
I believe his speech was not necessarily so positive because, on the other hand, the director stated everything you put money with intention to sell higher is a security, so everything else can be a security.
There is a lot of nuance determining whether something is a security.There are plenty of things you can buy with expectation it will go up in value that aren't securities. This expectation is one of several criteria.
The emphasis in this ruling is whether after Network Launch the network is decentralized, where it isn't controlled by a "third party". He said in the case of the Bitcoin and Ethereum networks these were adequately decentralized, and therefore, wasn't controlled by a third party thus making these not securities.
In contrast, Ripple and EOS are controlled by a central authority, which means they may be considered securities.
Jump to: