/biz/ - Business & Finance

Double digit shitcoin. Ethereum is finished

Archive link so you don't give Fortune.com clicks: https://archive.is/TyStv

It's fucking over unironically. Almost no chance ETH doesn't bleed sats for the whole year.

>The Securities and Exchange Commission is waging an energetic legal campaign to classify Ethereum, the second-most popular cryptocurrency, as a security, according to U.S. companies that have received subpoenas related to an investigation. The news delivers a further blow to the crypto industry’s hopes the agency will approve applications by BlackRock and others for an Ethereum ETF following the SEC’s approval of a series of Bitcoin ETFs in January.

>>58083630

This is the author. Notice anything?

>>58083630
Ripple is destroying ETH as promised.

IT'S HAPPENING

>>58083752
Filthy jew

Why are all those people so mad in the comments the ethereum foundation literally sold unregistered securities
It doesn’t matter that it’s “the second most popular”
Laws were broken
Get fucked eth fags

>>58083752
WTF, the jews are coming for ether!!!

its really is over isnt it?

>>58083680
I don't think the market was expecting an ETH etf to be approved any time soon though. It's way more speculative and suspect than BTC.

>>58083630
This is bullish the only chance Eth gets a spot etf is if it's a security. Also they can throw mev mafia and preminers in jail. Win win win

>>58083781
We all know that ETH is king security, but it's too big to fail at this point. Even BigBlackrock is heavily invested in it.

>>58083680
Wish they'd wage an energetic legal campaign against Gary "oopsie" Gensler

>>58083781
>Its another episode of 2024 Maxipads
>Help me based government

>>58083860
It’s a security
No amount of memeing will change that retard

>>58083934
>nooo its what *man made mafia law* says

>>58083934
You know your predecessors in 2012 explicitely wanted to evade national laws?

What would it mean in ETH is declared a security?

>>58083792
If ETH is a security, that means the SEC approved unregistered securities to trade on the futures markets. (October 2023)
ETH merge occurred in 2022.
The SEC either approved securities fraud implicitly or this "investigation" is a nothing to worry about. If the former, the Courts are going to fuck Gary in the ass forever and his legacy will be all digital assets being seen as non-securities.

>>58083975
>>58083961
You know “adoption” and the value going up doesn’t just happen out of thin air right?
You want access to major money markets like the USA
You have to comply with those markets if you want that access
There were ways to do it without being deemed a security but that ship sailed
Please stop being stupid I get you like the coin but there is no changing this

>>58084049
nothing happens really, we all known since the beginning that ether is king of securities, but at this point its way too big so the sec will probably just reject the etf otherwise they would have to approve all other securities "alts" into the fold.

>>58084103
So yeah Bitcoin Maxis 100% sold out for number go up i get it you cant even imagine me not caring that much especially since i only have a few Ethereum right now

>>58084088
Its just gonna be another crypto lawsuit that the SEC loses.

>>58084121
This post is straight fucking gibberish
Try forming coherent thoughts
Go read a book or something

>>58083630
test

>>58083961
>>58083975
>ERM DUDE NIGGERFAGGOTS USED BITCOIN TO BUY LE WEED WITH IT THEREFORE YOU MUST AGREE WITH MY POINT
Kill yourself retard Lmao. Eth is a software company. Congrats you bought shares to a software company that held an IPO. You're going to the gutter nigger

>>58084088
This sort of "gotcha" rumination never has any relevance to markets, law or politics.

>>58084088
The retardation of you does not cease to amaze me
Futures=! ETH
It’s not the same thing
Also futures contracts are not necessarily securities but idk how the eth futures was registered so I wo t speak on that

>>58083860
lol we have an etf and massive inflows and you have a premined shittoken (which is a security btw) with exorbitant fees

>>58084157
>>>58084907

>>58084707
>which is a security btw
>nooo its what *man made mafia law* says

>>58084252
>Congrats you bought shares to a software company

>>58084112
you are a low IQ nigger. selling unregistered securities is illegal, and ETH will surely crash.

FUD: "OMG! EF investigated possibly denying ETH ETF!"

Here's why that doesn't work: In securities law, a sale and the instrument itself may or may not be securities. For instance, selling Beanie Babies as an investment contract doesn't make all Beanie Babies securities. Even if EF's sale of Ethereum resembled an investment contract, it's beyond the statute of limitations and doesn't affect ETH's security status. Proving ETH is a security would be tough, given existing caselaw and SEC's stance on Bitcoin. Any comparison to Ethereum would also apply to Bitcoin in terms of securities laws. The SEC's leniency on Bitcoin limits their maneuverability. PoS could be targeted, but decentralization isn't the issue; effort is, and PoS effort is comparable to PoW. EF received a voluntary information request, possibly part of an investigation they're involved in, rather than being directly investigated. The impact on the ETF is likely minimal. Seems like a fishing expedition by Gary, which could provide clarity on the situation.

>Buy into crypto for the first time in my life two days ago
>This happens
Uh sorry guys my bad

>>58083630
fucking nigger. i sent eth to my wallet from coinbase and it has been on pending for 5 hours, i sent it out an hour before this announcement too. lol my life is a joke

>>58085378
Why did you wait until the top?

>>58083796
>mev mafia

What is this

>>58085534
The crypto I bought is no where near the top (LOBO)

Everybody knew that Vitalik PUTerin's long term plan was to steal bitcoin from the masses.

>>58084608
Bloomberg analyst says your wrong nigger. I am right. Fuck off

I, uh, don't care? Nothing is going to happen.

>>58083630
>That proof-of-stake event moved the blockchain away from the energy-intensive model used by Bitcoin in favor of one that relies on a trusted network of validators—and provided the SEC with a new pretext to attempt to define Ethereum as a security

POS ALWAYS MEANT PIECE OF SHIT

>Lets introduce an item
>then lets nerf it every week for no reason until no one wants to use it

....Okay

>>58083630
Another nail in meths coffin. Switching to Avax asap

>>58086908
>avax
one of a few coins that hasn't been targeted by the SEC

>>58085833
the real masters behind ETH. a cabal of rent-seekers that control transaction order in order to tax users small amounts from every transaction done on chain.

>>58086908
are you unaware that avax is a L2 of Ethereum?

>>58087877
wait nevermind i was confusing avax with some other shit. lol