SEC vs Ethereum (May 7)

[dio1715]

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.

[sud]

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.

[housebtc]

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

[sud]

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.

[dio1715]

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..

[xianbits]

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.

[Thadeous]

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

[larks500]

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.

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.

[nguli]

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.

[shinratensei_]

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.

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.

[Seetheummerallyeah]

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.

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

[deeplilac]

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.

[Dr_Pizarro]

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.

[IgorShumilo]

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.

[iram1011]

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.

[Ultra_io]

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

[renes]

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.

[sqbit]

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

[Ultra_io]

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.

Ethereum is not the first ICO ever.

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

[AmaZixOfficial]

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.