SEC Chairman Gary Gensler: Everything other than #Bitcoin …[is a security].
Discussion
* mETH pumps on the news *
On one hand great news, on the other hand - who cares about SEC? 😀
so, i’m a security now, the fuck?!
I would not be surprised if he bought the dip before saying it 😂
#Bitcoin only
Unregistered Shitcoin
security ⚡️
He's been pretty clear about it for quite awhile. Even in the Blockchain class he taught at MIT, that can be watched on YouTube, he was saying this. I'm not sure why so many are surprised he's going after shit coins.
Gary seems like an enemy who sweet talks bitcoiners [for now].
Net positive for BTC
He has been telegraphing this crackdown on crypto pretty much since he gave his MIT course
Ok so why then didn’t he crack down on them ?
It’s all virtue signaling and meaningless. Plus, why are Bitcoiners giving that unelected bureaucrat any validation? Ignore him.
The ultimate litmus test for “crypto” may not even be the SEC, but the market itself. Gary may very well be providing a warning for the public. Interestingly, Gold (a commodity) started to increase in March of 2007, prior to the official recession, December 2007. 🤔
Are hard-forks of Bitcoin securities?
If so, when does the hard fork become a security?
Do you buy a Bitcoin commodity, then sell a hard-forked security (while still hodling your original commodity purchase) ?