Ethereum “big week ahead” — SEC discussion May 7th — is ETH a “security or utility token”

Source: https://mashable.com/2018/05/04/ethereum-800-sec/

On the May 7th the Security and Exchange Commission will meet to discuss Ethereum’s status. Should it be treated as a security (like a stock etc.) or should it be treated as utility token (which bitcoin is ruled as a utility token).

So this is obviously a big week...and maybe is why you see ETH rise over $820 recently.

In cryptos...CLARITY is a great thing for investors. Big Money wants to know because if it’s a “security” then what happens to the historical transactions for Ethereum?

My “guess” is that it will be ruled a “utility token” —- and BIG Money was already “tipped off” which is why you see the rush. This is the way the world works in Wall Street and Cryptos is no different. It’s all about “information” and of course there is ALWAYS intense manipulation which is aimed at big money becoming bigger.

I think the decision has been made and this is all a “show”...

No guarantees of course....but what would happen to ETH with a “positive ruling”? BOOM

Better yet...what happens now that Federal Reserve of St Louis has said in a white paper that Cryptos should be an asset class and some properties if not better than current fiat system . Another BOOM moment.

So looks like this week will be big.