Ethereum and the SEC

[Kryten12]

So Monday the 7th of May came and went and nobody heard a peep about any SEC ruling on whether Ethereum is a security or not.

Was it all one big Fake News hoax designed to manipulate the price of ETH down, or is there any legitimate reason that the SEC may want to scrutinise Ethereum?

[Bittalk12]

As usual, there might be a chance that it was just a fake news or another strategy for big time players to manipulate the market. Those kind of news is not new to me and other legends in trading. Sooner or later, SEC will release a statement that it was just a misunderstanding and a twisted news we encountered every time we experience a cryptocurrency price correction.

[UAE Seasider]

It seems like the past 12 months there has been a glut of odd stories that come out and then go nowhere. This does seem like market manipulation to me, I feel sorry for those that have lost out by taking actions based on this.