SEC announces that ETH is not a security

[doraemon_33766]

This is a good news and this regulation is necessary to work in peace with crypto. Else there is probability that crypto will be used in drug dealing and other illegal purposes. This will have a positive effect on the price hopefully.

[Sanderion]

This news are good, also SEC said that Bitcoin is not securities. But tokens that made ICO on Ethereum platform are securities... And it can be really bad, especially for ICO from USA. I can't understand the logic of regulator! Why the tokens are gonna be securities, but the platform they are built on - no! It is very strange in my opinion.

[Way2Cool]

yeah!!!
this is a really big great news!
Ethereum, ICOs and other cryptos must be regulated with brand new laws!
A new paradigm is born, regulators can't say the contrary!

[flashbit]

I was about to post this. In my book, this proves two thing:

1) That someone within the government or at least enough influence to impact's the SEC decision on deciding if Ethereum is a security or not, is bagholding massive bags of Ethereum (maybe not proves, but definitely strengthens this conspiracy theory)

*They* are also bagholding bitcoin. I'm pretty sure banks invest in crypto meanwhile they said people to stay away from it // "invest in gold, silver, forex... cryptomarket is a dangerous snake"

2) That the altcoin bubble has just begun and will continue growing for a long time until something really bad happens technologically in any of the top 10 altcoins, when that happens a mass exodus into Bitcoin will ensue.

The altcoins just wait for the next generation, maybe TON will show the future with a real daily use.

But we all knew Bitcoin is not a security and it would look ridiculous if the claimed otherwise for whatever reason. Now with ETH you have to make an exercise in stretching out law interpretation in order to not classify it as a security ("it was a security in t0, then in t1 it was not a security..."). Im not sure about that but it is what it is and that's what they've decided.

I don't know what TON is but upon a fast research looks like Telegram devs jumping on the blockchain bandwagon. I don't know if they can deliver a solid product but I don't see an obvious reason for governments wanting to cold storage that token nonetheless, unless they see something exploitable by being 51%+ whales.

Yes, TON will be the 2D blockchain within Telegram, they already raised 1.7 billion on pre-sale 1 and 2 then closed the ICO to avoid problem with the SEC.

If you want to take a look : https://www.docdroid.net/JtdY7Jg/ton.pdf (this is the technical part).

And here is the whitepaper, less interesting in my point of view : https://icorating.com/upload/whitepaper/gNQ7e9z3lCGi519Wz8mmC0Kg8aA0goeZKAQ802vo.pdf

Anyway, if it's not them it will be another one, they will show the road for the crypto daily use. That's what we are all waiting for.

[Crypto.mgt]

It is heard that, it has been declared by the ICOs and the SEC that ETH and bitcoin are not security. SEC will take control of the ICOs which are security mainly.

[mary_55]

I don't think this will affect the real users of Ethereum. Ethereum's features are attracting the investors gradually.

[kulsuma]

I am hope ful after getting this news that now the prices will soon be recovered. If SEC if regulating cryptocurrency fairly then it will certainly be positive and more countries may also allow it in their country after being regulated. Regulation is better than ban after all.

[knuckey]

I am also confused, how the security criteria they mean?
maybe they will make their own market and also their own coins or tokens according to their wishes.

I am sure the SEC will not solve the problem, but they will create confusion and new problems in the world of crypto.

[DanyJr]

Basically I don’t think that eth is unsecured based on SEC I don’t know the main reason why they are telling like this but most of the people now invest their money in here also they are giving good profit may there any 3rd party who wants to collapse this position but I don’t think about it.

[GaryGadoot]

I don't completely agree with this. Bitcoin and Ether are to some extent trustworthy cryptocurrency in the market. The ICOs are scammy these days and it is hard to detect which ones are genuine..

[DarrinEspacio]

Basically crypto market is fully decentralized based on this the crypto market has less chances of hack or any problems but in here scams are available so this scams should be ignore because it may cause of loss and this topic is really interesting but I don’t think eth is scam but we should know the proper reasons.

[cryptohipo]

I believe any invest can’t guaranty you success. Ethereum is one of the best crypto currency after bitcoin. Peoples are investing on this project and they earn profit. That’s why i think ethereum is safe for invest.

[ace4549]

Security Exchange Commission is a government agency that handles the investments and corporations in the Philippines, I think the lost of its written contract in each transaction gives them a no security investment.

[BluRPie]

SEC it is not only one government regulator in the world. SEC only for US territory and citizens. Moreover it is the decision for current moment and this can be changed anytime,  if it will be needed for government.

[zxl912157]

I don't know if this is a good news or not i need some one to interpret that for me. I get that they are decentralized and i don't know it implications

The core is that the SEC supports once on the system developed by Bitcoin and Ethereum.
This coin keuda is always in the ICO and is the main choice for ICO payments, with a high level of security, Bitcoin and Ethereum are still open to the SEC.

[sinkfish]

after all the hoo haa. its all end with silence. after so many months, SEC still havent come out a conclusion.