/biz/ - Business & Finance

>>53708019
>when
okay, start the lawsuit agains the ETH Foundation and bring it to the Supreme Court.
Oh wait, the SEC won't because the current Court will dismantle their assholes and overbroad power.

>>53708347
they're working up to it. start with the easy pickings like XRP and LBRY, move on to staking pools like Kraken and Coinbase, then once there's some case law and legal precedent then they will go for the kill

>>53708449
Settlements aren't legal precedent retard. LBRY ruling already declared not to apply to secondary sales by the judge. XRP is going to win because the SEC bungled the case so badly.

>>53708466
What about primary sales i.e. the 70% Eth premine? Ripple is going to lose the case btw

>>53708515
Premine can be labeled securities, while not applying to secondary sales. That would include anything mined after =/= a security.

>>53708532
okay so they did break the law then. think they will just be let off the hook for that? Kraken had to promise to never offer staking pools to US residents ever again as part of their settlement. why couldn't something similar happen with Ethereum for their prior lawbreaking?

Eth could still be considered a security since its value depends entirely on future work from Eth developers if development. Eth staking payouts are dependent on the work of others i.e. the developers actually implementing the unstaking code. Like with LBRY the Eth Foundation also hold a huge stack of tokens which they sell to fund development which could be seen as creating an expectation as it was in the LBRY case. Staking pools are obviously securities since you have to give the tokens over to a third party who then do the actual work of running the validator and paying out profits to pool participants.

seems there's lots of angles of attack

>>53708019
>CEO of cypherium
ceo of what?
$400M diluted mcap, and fucking $7k daily volume
ULTRAKEK

>>53708651
So why isn't every stock considered a security as the future value depends on the work of their employees? This is about fiat/fedposting relevance while BRICS rise and other countries offer safe harbors to crypto development. For US citizens, this represents a cage being built around us as we fade into total decline. They don't want you to ever own land, a house or have access to any for of financial freedom - just accredited investors with $250k in income.

>>53708019
Proof
of
Sneed
=
securities.

it's over.

>>53708924
Cypherium is PoW, was a Fednow payments partner and their interop solution is Chainlink.

https://www.cypherium.io/chainlink-collaboration/

>>53708019
>cypherium.

literal who

SEC already claimed they've no problem with on-chain staking, The problem always was custodial staking which's easy way to steal money from normies and even control the market of the coin they offer staking for

>>53708708
stocks are securities. also lol at the whole BRICS thing. Yeah right Russia, India, Brazil are going to outcompete America. Without Ethereum, America has no future, right? Five turkeys don't make an eagle.

kek. I can't wait for eth to die and all it's erc20 scam tokens (not needed) to die with it

>>53709003
have they? Gary Gensler has said he thinks anything that has "staking" might be a security but hasn't really been totally clear on this. He has been clear though that any staking through an intermediary e.g. a pool is a security

>>53708651
That makes sense why near and Cosmos launched self custody staking then....

>>53708515
How are you connected to the case? or is it just your opinion?

>>53708019
Will be securities if CEXes offer staking services. Decentralized staking doens't register as a security.

if its not Proof of Work, its a Piece of Shit.