SEC: Ethereum NOT a Security!

in #ethereum3 years ago (edited)


Breaking: SEC announces that Ethereum is NOT a security. Some of the ICO launched on it could be, depending on central authority and control.

Decentralization, where no single party has the ability to manipulate or cause fraud, gives authorities no good reason to intervene. ICOs that take in capital centrally, and manage it, will be required to follow SEC regulations for securities.

This headline could change the entire sentiment and landscape of the crypto market, is it rally time again?

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The news is welcome relief for digital currency owners who would have been subject to much stricter scrutiny should bitcoin BTCUSD+6.51% and Ether ETHUSD+9.81% be labeled securities.

Ethereum was my favorite coin but I sold it off due to the panic and speculation that is behind the interference of the gang known as the SEC! FUCK STATISM, I LIKE STEEM ANYWAYS! :D

Digital Assets > Securities

Let the bull run begin. 🐃🏃🏽‍♀️

Ethereum is breaking news

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@investing This is HUGE news folks!!! There was a lot of speculation that the SEC would come down this way because of the difficulties in regulation ETH as a security. Let’s move forward now. thanks for share

The SEC's point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws

Regulation = corruption. Why does the SEC even have the right to name what Eth is either way? Because we the people let them have it! We simply bow to whatever they say and let them drive us as if we love to be driven.

great news but we really need cryptos to fall some more before a healthy rebound can happen. Thanks for sharing this so quickly.

Ethereum is not a security, at least in the view of U.S. Securities and Exchange Commission (SEC) director of corporate finance William Hinman.

Speaking at the Yahoo! All Markets Summit: Crypto event in San Francisco Thursday, the official told the audience that the agency "doesn't see a lot of value in treating ether today as a security," explaining that the fact that there is no central figure or group responsible for ethereum, and therefore "the assets may not represent an investment contract."

The statements are the latest in a long line of remarks that have found various regulatory officials opining on whether the nature of the sale in which ether was issued made it subject to U.S. securities laws. Such a view has been advanced largely by former regulators, while the SEC has largely spoken generally (and derogatorily) about its treatment of ICOs and token sales.

This might effect badly for Ethereum let alone for the crypto space.

While SEC have their reasons as it seems. Well some rules are indeed necessary .while hope it gets a positive feedback to us all.Rather hope if the statement does not just fires up the market in down trend again.

Thanks for the heads up buddy !

Thanks for the share. It's much appreciated. I actually am happy the SEC ruled ETH not a security but disagree and think ETH was grandfathered in. ETH fails the Howey test by definition a security

The SEC's point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws.

"Central to determining whether a security is being sold is how it is being sold and the reasonable expectations of purchasers," William Hinman, head of the Division of Corporation Finance at the SEC, said in a speech at the Yahoo All Markets Summit: Crypto conference in San Francisco.

Thanks for your great information.

The SEC's point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws.

"Central to determining whether a security is being sold is how it is being sold and the reasonable expectations of purchasers," William Hinman, head of the Division of Corporation Finance at the SEC, said in a speech at the Yahoo All Markets Summit: Crypto conference in San Francisco.

I really belived especially about ETH not as a security oppose to some of the ICO’s. However, it’s very good news for investors who doubted it. It’s another green light for those who were afraid. When it comes to recent sell offs, there are rumors about someone doing this price manipulation purposely. It’s called OTC (over the counter). Someone sells bitcoin for below the market price to make sure they are not traced for tax purposes. Whoever buys it, sells it immediately for market price. Both sides win right? I’m not sure how they do this OTC thing, but it makes sense. Imagine people who bought bitcoin many years ago, not they are selling the way so they don’t have to pay taxes. There also might be involved bitcoin futures being shorted at the same time. As I mentioned, it’s a rumor. With today’s good news and pump, we still should be careful what’s coming. Even if you call it a bottom which I believe as well.However, they may be playing with us. Anyway I’m glad I bought some coins two days ago. If the bottom is called, I feel great about my holdings.

Thanks for sharing this news.

That's a great information.
Thanks for sharing crypto currency update news.
I appreciate content.
Resteemit

That’s good news, otherwise if ETH or bitcoin was considered as a security, we the retail investors wouldn’t be able or allowed to purchase any of these. In other words, it would be banned here in the IS. I’m up for some regulations whet it comes to ICO’s. There is too much fraud going on. Let the best survive. Nice bounce after the news though. Let’s hope it holds. I definitely hope you are right about the bottom. It really gives many people a huge relief. At least those who didn’t sell.

This headline could change the entire sentiment and landscape of the crypto market, is it rally time again?

Sorry i dont quite get this. How is it gonna change the sentiments of the crypto market. Will it be for good or bad?

Great Post
Thanks for sharing update proving crypto currency news.. I appreciate your valuable Post..@upvote and @resteemit done sir...

really very great information of crypto currency..alltime giving important news in your blog.obviously your blog is number one blog in this platform.because your explantation skills very perfect and original..i am big fan of your post..i am believe doing this platform.but this time crypto market has been down.. this situation very low position.so,everybody should be keeps alots of patience and self confidence..i hope that,very quickly changed this condition..future this bitcoin stayed top one position. thanks to sharing for your great post.my dear friend.. @investing very well done..best of luck of your great work...

This is just another government FUD to make it looks like crypto currencies and blockchain is just a failed project. Blockchain and ethereum don't need fed approval or blessing to strive.

All I know for sure is that blockchains and crypto currencies has come to change the world financial systems for good

The SEC's go-to person on digital currencies and introductory coin contributions (ICOs) says that bitcoin and ether are not securities but rather that many, yet not all, ICOs are securities and will go under the administrative control of the SEC and important securities laws.

"Fundamental to deciding if a security is being sold is the means by which it is being sold and the sensible desires for buyers," William Hinman, leader of the Division of Corporation Finance at the SEC, said in a discourse at the Yahoo All Markets Summit: Crypto meeting in San Francisco.

Hinman said the essential issue in deciding if digital currencies and ICOs were securities was the desire for an arrival by an outsider, particularly whether there was a man or gathering that supported the creation and offer of the advantage, and who assumed a critical part in its improvement and upkeep. For buyers of the advantage, the key is whether they are looking for an arrival on the speculation.

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Big sigh of relief that is otherwise could be problem for the crypto world :)

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It’s important to understand that the SEC’s power extends to the end of its shores and not 1 inch further. It’s wonderful that the blockchain is borderless! Smart companies will grow their ecosystems externally of US shores and let the US be relegated to a “me too” participant on the backside.

This is awesome news. Ethereum is good to go. Which coin will be next?

Good news (I think) but wonder about ETC? Wasn't Ethereum an offshoot of ETC and ETC was actually the coin that had an ICO? Then again, I dont think Coinbase would list it if there was going to be a problem!

NOt a good news at all, If someone is holding ETH, Sell it as soon as possible, I think now people will start selling and the price decrease will be a disaster.

Valuable update and a wonderful dtube explanation. We should be aware before investing. Some are fraud, choose the best platform for investing. Thanks sir @investing for the valuable content. Happy investing.

@investing The Criminal SEC making Decisions on our Crypto's Who Cares ?? Their Central Banking World is going to Fall...................

Id seen that and the SEC mentioned that most ICO' s are securities. So when a ICO like fr8network or nuggets establishes itself on the market is no longer declared as a security?

if only bitconnect was an Ethereum smart contract