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58084145 No.58084145 [Reply] [Original]

please explain to me what eth being classified as a security means
yes, I am retarded, yes I am autistic, however, I am white

>> No.58084167

>>58084145
I thought it was a commodity? The SEC just hates crypto simple as

>> No.58084414

>>58084145
It means that ETH will be subject to the Securities and Exchange Commission and all their niggling little rules.

>> No.58084488

>>58084145
It means that when you have funds in an Ethereum wallet, those funds are secure.

>> No.58084903

SEC will declare it a security because it’s issued by a central organization and people will buy it expecting it to make gains. As POS it reeks of security.

SEC made this case against Veritasium.

It’s why cryptos like BTC and LTC which have been declared commodities will be so important in the future.

>> No.58084966

>>58084145
It means they will be subject to all the regulation and stipulations that a company does when it issues stock
realistically none will be able to function under this and they will all collapse
all money will rotate over into POW stuff like btc/ltc/doge
Shitcoiners finally getting rugged

>> No.58085142

>>58084966
how is it liable to US law if it's not even based in USA?
>The Ethereum Foundation (EF) is a non-profit organization dedicated to supporting Ethereum. It is located in the crypto valley in Zug, Switzerland.

>> No.58085178
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58085178

>yes, I am retarded, yes I am autistic, however, I am white
based

>> No.58085221

>>58085178
based o n what?

>> No.58085225

>>58084966
Is there any POW smart contract blockchain? I remember kadena from the previous bullrun but nobody talks about it anymore