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Now that it's almost confirmed that ETH will be declared a security, do you think that BTC will take a huge hit too?
https://twitter.com/kinetic_finance/status/1617545474382397441
TWITTER SCREENSHOT THREAD!!! WOWZORS!!!
Just the fake one
Securitization of ETH is actually bullish as it denotes institutional stability.
Nobody gives a shit about "decentralization"
This. Retards try to FUD ETH by saying it is a security, when the reality is if labeled as such, the foundation will just register and ETH will become the first major given institutional approval as a crypto tokenized security with consistent yield for securing the network.
I'm a BTC maxi and I endorse this copium. I wouldnt even hate on ETH if they just acknowledged they were a security instead of trying to act like they are a commodity.
>the foundation will just register
it's entertaining that mETHhead schizos think this is how it works. imagine the dump when securities fraud indictments are released
Enjoy having all major US exchanges delist ETH and every other alt coin the SEC arbitrarily sees as an "unregistered security"
Won't matter. BTC will simply become the currency we trade our shitcoins for to accrue more BTC on DEXs.
Would it not be considered "illegal" to trade said "unregistered securities" if you're in the US?
Become ungovernable, homosexual.
Lmao have fun trying to beat Gary and the SEC
nagger if you're so scared of Gory Goysler just become an accredited investor.
anon:
>Sell me some ETH
cex:
>We can't. We don't sell securities or else we can't operate in the US.
anon:
>But....I'm ungovernable
cex:
>We're not.
It's more like this
>Buy BTC
>Swap to ETH on chain
>Ignore the law
Kek Hope your ass is nice and lubed for Gary and the US government
Who gives a shit about americans, smart people already renounced their citizenship
no, it just means the ETH devs have to pay a small fine. since they don't control the supply anymore it won't affect ETH secondary market like it does the coins where the devs hold 99% of the supply or can mint tokens.
that's what dexes are for
Yes blackrock is standing by to dump its 3tn in assets into monkey jpegs. Your financial freedom is in the bag.
ETH and other coins flagged as securities will probably be traded on exchanges connected to a clearinghouse that is complient with SEC regulations if they chose to register as a security.
the current cexchanges will most likely partner / get bought by a bank or disappear
coz it would be too much of a customer loss to miss out on all the securities that make 99% of trading volume rn.
Dexes will still offer non securities and obviously illegal trade of possible securities but only very few projects will be fully decentralised to make that even remotely possible. The last network I had faith in was Terra Luna but yeah that one got nuked for obvious reasons. I dont see any other good decentralised project out there.
>Dexes will still offer non securities and obviously illegal trade of possible securities but only very few projects will be fully decentralised to make that even remotely possible.
PepeX.
Bitcoin was classified as a commodity in 2015 by the Trade Commission, so no
Killdawg is long on ETH
ETH Haiti is soon frens
All the coping bagholders here hahahahahaha if your illegal security bags get regulated it loses its value as a global ponzi and becomes just another shitty penny stock. Dis gon b good.
Millions of baggies will be created overnight. Thanks Gary!
What does this mean for link?
It's over
My post is a security. Hope you didn't read it.
Blatantly false. ETH and BTC are not defined as securities by SEC
ETH is confirmed an unregistered security retard
nope, the CFTC regulates ethereum futures as a commodity. And the SEC has never implied ETH was a security. the only thing Gensler has talked about was centralized ETH staking services potentially being securities, like binance's BETH token.
Get your facts from official statements and not homosexuals on twitter.
ETH switching to PoS was truly stupid, given how obvious the coming regulatory onslaught is.
anyway, eth being a security means it will be traded on the nasdaq which would be ultra bullish
Extreme bullish for Avalanche, see here: https://crypto.bi/avax-ripple/
>everything gets labeled a security
>everything dumps except XRP since it's already been declared one
Should I consolidate into XRP
Eth is dead and gay
Deadchain