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May 10, 2018, 03:55:24 PM |
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Lol this is so ridiculous. People act as if the SEC is some all encompassing authority that speaks for the world or something.
So the US declares these two coins a security, Guess what? It only affects Ripple which is a US based company, Ethereum is a Swiss Non profit. The SEC has no jurisdiction over Eth at all.
It can, however, extract taxes from US citizens and residents who make profit from holding or trading securities.
For Ripple, GREAT! I would like to see it die a horrible death.
But as far as affecting the price of ETH, the US market is just a tiny drop of water in a vast ocean that is Crypto.
The largest markets in Crypto are overwhelmingly in China, Korea, and Japan.
US crypto money isn't enough to bring any project down significantly.
The moral of the story? research and knowledge beats out wild speculation anyday.
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