[2018-04-25] Andreessen Horowitz Leads the Fight to Prevent SEC From Classifying

[Jgilpulg]

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/

[gentlemand]

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.

[Mrs Troll]

Gary Gensler (former head of CFTC) said the same about Ethereum and Ripple on Monday. Looks like they really prepare us to declare main currencies as securities...

[gentlemand]

Gary Gensler (former head of CFTC) said the same about Ethereum and Ripple 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.