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Title: [2018-04-25] Andreessen Horowitz Leads the Fight to Prevent SEC From Classifying Post by: Jgilpulg on April 25, 2018, 02:26:37 PM Financial institutions, entrepreneurs, and venture capitalists fear that regulators could designate Bitcoin and other specific cryptocurrencies as securities. Such a designation would carry an onerous oversight.
https://bitcoinist.com/andreessen-horowitz-leads-fight-prevent-sec-classifying-bitcoin-security/ Title: Re: [2018-04-25] Andreessen Horowitz Leads the Fight to Prevent SEC From Classifying Post by: gentlemand on April 25, 2018, 06:27:01 PM Absolutely no way Bitcoin could ever be classed as a security or anything of a similar origin such as LTC, Doge, XMR and others. None of them fulfil any of the criteria.
Ethereum on the other hand could potentially attract that categorisation, but I'd say that was a stretch too. I think there's enough money swilling around in the ETH space to pay for enough lobbying to head it off. Definitely possible for others and especially any recent ICOs. Title: Re: [2018-04-25] Andreessen Horowitz Leads the Fight to Prevent SEC From Classifying Post by: Mrs Troll on April 25, 2018, 06:54:07 PM Gary Gensler (former head of CFTC) said the same about Ethereum and Ripple (https://www.coindesk.com/fear-hodling-mit-blockchain-experts-weigh-impact-sec-crackdown/) on Monday. Looks like they really prepare us to declare main currencies as securities...
Title: Re: [2018-04-25] Andreessen Horowitz Leads the Fight to Prevent SEC From Classifying Post by: gentlemand on April 25, 2018, 06:58:25 PM Gary Gensler (former head of CFTC) said the same about Ethereum and Ripple (https://www.coindesk.com/fear-hodling-mit-blockchain-experts-weigh-impact-sec-crackdown/) on Monday. Looks like they really prepare us to declare main currencies as securities... Neither of them are currencies and the developers themselves say they're not either. If ETH launched today then it probably would be hammered. I think there's enough decentralisation out there by now to say it's a phase that's passed. Ripple? Possibly. Couldn't give a shit myself. |