Bitcoin Forum

Hello everybody!

It became known that on May 7 a meeting of the Securities and Exchange Commission will take place where the issue of Ethereum will be discussed.
What will happen if they recognize the release of this crypto currency was carried out in violation of the laws on the distribution of securities?

What will the market reaction be?
It seems to me that this is a sharp price collapse. But is it possible for an extreme price increase if the decision is not made?

Thank you for your opinion.

I don't know how Ethereum could be considered security, because for me it is obvious that ETH are utility tokens and should be treated as such. Only thing that could be in violation of SEC rules is tokensale and distribution, but I wasn't into crypto then, so I could not tell if there was any issues regarding ICO.

I think this day is very crucial in Crypto not just Ethereum, because most of these developers are looking at what is happening in the space and any pronouncement against or i nfavour of Ethereum is likely going to change the landscape. I can't say it is a Security or not but I think the mistake Ethereum developers made was selling it to US citizens

Well, selling it to US citizens was a bad move, but back then nobody was even thinking that SEC (or any other official regulatory institution) will ever be interested in crypto tokensales. If they decide ETH is a security just because of this, then I could understand it, but if it will be for other reasons, then most other cryptocurrencies are in the same position.

But how can the market respond to this or that course of events? If the price of Ethereum collapses, then this could negatively affect the entire market ...
I do not really believe that the SEC will make a negative decision..

They must think it hard how ETH violated the law.
SEC people should now embrace not just ETH but the entire crypto and be openminded to it so every one can start adapting in this new era. Why people are afraid entering in crypto is because of some tight and blind regulations about crypto which is not helping the cryptoworld.
I hope May 7 event could bring positivity to ETH and all altcoins.

According to the recent Ethereum price growth something tells me that SEC decisions concerning ETH will be apparently positive. ;)

My point of view that we will not see any concrete decisions of SEC, it will be something  that it is not able to say that Ethereum it is security and that we need to create special regulation for cryptocurrency and bla bla bla.

of course I prefer to have as much ethereum as I can because by having ethereum I believe ethereum is very potential to be a very expensive coin because ethereum also has some tokens that have a good development so I believe ethereum is the best.

Man, the world is not the USA. There are dozens of countries are friendly with ethereum communities right now. Just like what will be happened with bitcoin and it doesn't mean a lot to the market.
Let me tell you about a lot of companies are getting scared caused by the regulation of US were preventing them all to get the more control to develop the technology.

The majority of US companies are getting threatened by Ch's companies.

This is the US government you're talking about. Absolutely no chance they embrace crypto at least in the near future

I do not think that any radical measures will be taken in the direction of Ethereum. Too big an ecosystem that has a very large weight in the world of crypto .. I think it will be just talk, without taking any measures.

It is difficult to say how the community will respond to this news. But there is an intuition that everything will be fine. Do not worry so. The ethereum will grow many times over.

Perhaps when the project was only launched and there was a fund-raising stage, it could be said that the Etherium is suitable for defining securities. But now it is a decentralized product, because its network is supported by thousands of miners, not a couple of people. Look at NEO, that's clearly a centralized product. I think on May 7, nothing bad will happen, I want to believe in it.

The Ethereum foundation has clearly stated that they have had discussions with many lawyers and came to the conclusion that Ethereum can't be considered a security. It never was one. They have mentioned that ETH is like an incentive to the miners and not any security and hence they didn't do anything illegal by conducting the first ever ICO.

I don't think May 7 SEC will release anything about Ethereum, too fast and too much implication. They will postpone the decision.

I think that discussion will be positive about ethereum just like bitcoin, it is nearly impossible anymore to consider ethereum as security. I really don't worry about these discussions anymore.

It'd be interesting to learn about the outcome of the investigation.

Ethereum is not the first ICO ever.

Mastercoin and I believe NXT did that before Ethereum, on this forum.

You're making a slight assumption there, though. The SEC hasn't yet recognized Ethereum or even Ether (either as a company or as a token) as having violated any regulations. It does appear that many believe Ether to be a security (they will have a hard time fitting it into that definition), but it was never ever "distributed wrongly".

And despite its highly centralized leadership, it has actually attained a very high level of decentralization, network wise. It has nodes that are distributed wider geographically, when even compared to Bitcoin, for example. It has been very resistant to PoW centralization as well and the coming PoS algorithm switch will see it becoming almost impervious to PoW monopoly.

I'm more interested in why the price is rising in anticipation of such a serious decision?

They say that the regulators are critical - there are already thoughts that Ethereum is in the so-called "gray zone" and that its launch in 2014 was in violation of the securities laws. We have only to wait a little bit and see how the future of the platform and numerous tokens will largely depend on the decision of the officials: either it will be a categorical ban or a serious positive shift in the legal field for the entire crypto-ecosystem.

I seem to have seen a lot of Ethereum grow in the last few days, even today until now it has had a very good performance, so I do not think investors expect negative news from the SEC. I am confident, or I think decisions will be made that go in favor of Ethereum and market protection

As far as I observe from markets we will hear very positive news from sec and it will be followed by great pump. I don't ethereum or icos violate laws at all but some regulations are needed to apply..

In fact, ethereum is not a token and it was not released as a result of the ICO, and therefore there can be no violation of its release order. Ethereum was separated from bitcoin and is a coin, not a token, and the leader of the altcoyins. Whichever decision the US Securities and Exchange Commission accepts, it will not have much influence on ethereum. There may be temporary fluctuations in its price, however it will fall into place. I do not understand the meaning at all and what is the reason for considering the issue of ethereum. In my opinion, no one had any questions about this one of the most promising coins before.

They cannot control the decentralized crypto currencies at all. How you find final answer from the common wealth meeting about cryptos same will be happen here no problem to ethereum or any cryptos mate.

There would not be price fluctuations because of this issue. I do not think people will consider this as the main problem or drawback for crypto investments dude. Slightly may find the dump for 1 day not more than that.

Ethereum isnt considered as security coin,its morelikely a utility which is why i am positive the SEC wont give any negative decision about ethereum,ETH not is currently heading to its peak,hence means it is going to have a good future with the upcoming SEC's decision because if not we are going to see ethereum's dumpage in the upcoming days.

It doesn't matter! In any case, it will be the same news as any other. SEC can't ban ETH all over the world! So I'm not even worried. Even if the market responds with a negative decision, then it will still recover in this I am sure!

After all these years, it finally dawns on the SEC to take a look at ethereum and discuss on whether ita a security token or not? It's ridiculous the way these people first look at cryptocurrency in general as unimportant but are quick to curb its growth once its potential is showing. Ethereum is an utility token and not a security one. The SEC should know this better

It is very difficult to make predictions about what will be the decisions of the Securities and Exchange Commission on May 7th, but I hope for the whole cryptocurrency sector that is positive, and that it goes towards a general regulation, not only of Ethereum but of all the sector, also to protect all of us investors

I think that the price is already growing and this is due to the possible solution that will be made on May 7th. In my opinion, we will not see very sharp fluctuations in the Ethereum price.

Exactly what I think. Even if they say it is "somehow" a security, it could cause a big dump but after that, it will recover again. China is one of the biggest markets and each time government banned Bitcoin it was raising after. I think the community of Ethereum is the biggest and wide spreadest around the world and community itself will not let it go.

Obviously there was no meeting on May 7, I just can't believe that this news was cooked up by some whales to get cheap altcoins, it shows how easily this market can be manipulated

I also heard a version of what all this manipulation is and that if they were going to then they did not discuss any serious questions

Oh okay. I have been searching and searching for the outcomes of the hearing but I never saw any article or publication on tgat. The ony thing I saw was the news about when the hearing was gojng to happen. If indeed the whales acted so that they could accumulate more coins then it was not a very good aporoach. better days are ahead

Already Ethereum price are falling down but in my opinion it is not fault this situation. For me this is the only next correction which will not be important.

I hope everything back to norm and ethereum achieve 10000 dollars in near future.

Only we can do is thinks positve,because if we much  more thinking that the decision of SEC in favor  of us,and they confirm that ethereum used is purely investment and nothing more,involvement in violation of laws,maybe we can become benefited ,because maybe they decided to support the cryptocurrency investment and become regulated,so therefore we dont much stress our mind about this happening and we continue to focus our daily involvement of our digital bussiness system.

I think anyway the SEC decision shouldn't strongly affect the ethereum. It's already too strong and has a large enough community. In addition, the development team made it clear that if the SEC called Ethereum securities, they will file an appeal and prove the opposite.

Ethereum has very good platform , it is easy to use and many crypto lovers love it. Almost all new ICO have ETH as a payment choice. So whatever SEC decision comes out ETH has very good way to go.

Lol this rumour has created to make the market panic. nothing was happened if i remember about 7 may becomes a big decision to the SEC with ether. But who the hell was spreading a bullshit thing like this one. This is another joke. The news can easily be manipulated by the whale.