Ethereum is a Security or Not?
The SEC affects only the United States, and we know the US government want to control his citizens!
A security means, only accredited can invest with the following criteria:
A net worth of over $1,000,000
Or an income of over $200,000 per year, over the last two financial year
If the SEC put Ethereum as security and the 500 ERC20 tokens, this will create a tsunami in the crypto space!
My conclusion: is an attack for trying to stop the progression and expansion of crypto.
The complete story:
https://www.coinbureau.com/analysis/crypto-black-swan-ethereum-classified-as-security/
Check out my previous posts on my crypto blog
- What Could Drive The Bitcoin Market Manipulation? - https://chesatochi.com/bitcoin-market-manipulation/
- A Lifetime Opportunity - The Social Networks Coins - https://chesatochi.com/lifetime-opportunity-social-networks-coins/
- Acquire the Sexy Mythril Crypto on the LIT App - https://chesatochi.com/acquire-mythril-cryptocurrency-lit-app/
- Two Types of Investing for Crypto Enthusiasts - https://chesatochi.com/two-types-crypto-investing-crypto-investor/
- What Might Happen with a Crypto ATM - My Own Nightmare Experience - https://chesatochi.com/what-might-happen-with-crypto-atm/
- 3 Crypto Categories for a Balanced Portfolio to Reach the Moon - https://chesatochi.com/3-crypto-categories-balanced-portfolio/
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If this becomes a reality it is 100% due to an attempt on halting the expansion of crypto. Governments and banks are scared because they know the power crypto can hold in the future, as they know better then anyone that if crypto is mass adopted they will loose a majority of customers and the banks will close. Thats why rumours are starting to appear that some banks may even introduce their very own coin to compete in the market.
Any opponent will always resist and fight in front of a threat!
Yes, and they will keep trying to stop crypto. But not only in the US; in Europe the governments aren't much better and want to control their citizens to... That's what the whole EU deal is about... Nobody but big business and governments wanted it, so we still got it...
You just keep us awake, @chesatochi, so we know from which angle the attacks come. Thanks! :-)
My pleasure @Zxy066
Interesting article, the bottom line here is government will continue to look for ways to see cryptocurrencies crash, and classifying it as security resulting in very few people trading Ethereum is just another way of the rich getting richer...
It is pure hypocrisy!
Absolutely !
Please correct "wants to control" into "controls its citizens" ;) and maybe not "United States" but "Each and every country nowadays"
Cheers
You are right with the burden of heavy taxes!
In my opinion, if centralisation enters into Crypto market then possibly it will not help Crypto market.
Like in the case of Ripple!
Yes. 🙂
Cool, I am happy you have reached reputation 56!
Thank you so much for that. 🙂