[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 364 KB, 646x595, 077.png [View same] [iqdb] [saucenao] [google]
54236400 No.54236400 [Reply] [Original]

>Ethereum Shanghai upgrade goes through in April
>Ethereum now officially a proof of Stake crypto
>Gary and the SEC sues the Ethereum Foundation claiming ETH is an unregistered security
>All US crypto exchanges delist ETH
>The Ethereum Foundation and the SEC go through a lengthy court case while US crypto traders and holders are unable to buy or sell ETH in the US anymore

How do Ameribros prepare for this possibility?

>> No.54236452

>>54236400
Ethereum being confirmed a security is bullish. It's one of the best unregistered securities currently available on any market, anywhere and being officially recognized by the SEC would unironically start the flippening

>> No.54236485

>>54236452
Idk man. Im tempted to convert all my ETH to BTC desu. Not trying to hold my ETH bags while everything moons next bull run and we can't even sell ETH in US crypto exchanges

>> No.54236514
File: 335 KB, 1242x1230, 1660315281871955.jpg [View same] [iqdb] [saucenao] [google]
54236514

>>54236400
Stop giving a fuck what Gary and the SEC think of Ethereum. It's already regulated by the CFTC and they, nor any Judge have recognized the SECs claim of jurisdiction. It's only YOU Crypto faggots that wonder what Gary thinks, and you enable his agency powergrab the more you talk about him.

>> No.54236642

>>54236514
nothing in this post is even true. it isn't "already regulated" and cftc is tiny and irrelevant compared to the sec. massive cope

>> No.54236693

>>54236642
2. CFTC Jurisdiction
In contrast to the SEC, the CFTC has full regulatory authority over derivatives transactions (including swaps, futures, and options), and more limited authority to regulate fraud and manipulation in commodities markets. The CFTC made its first official statement on its jurisdiction over digital assets in 2015. Later, in 2016, the CFTC cemented its position in an enforcement action stating that, “bitcoin and other virtual currencies are encompassed in the definition [of commodity] and properly defined as commodities, and are subject as a commodity to the applicable provisions of the [Commodity Exchange] Act and [CFTC] Regulations.10 Then Chair Heath Tarbert expanded upon this definition in October of 2019 stating that, “it is my view as Chairman of the CFTC that Ether is a commodity.”11 Additionally, in a recent case in the Southern District of New York, the court found that “Bitcoin, Ether, Litecoin, and Tether tokens, along with other digital assets, are encompassed within the broad definition of “commodity” under Section 1a(9) of the [Commodity Exchange] Act.”12

Work through your grief, faggot.

>> No.54236745

>>54236693
this is schizo-tier cope. one opinion, from one person, in one court filing? are you retarded? serious question btw

>> No.54236789

>>54236745
It's not a serious question, there are many such examples. It's not my burden to prove it to you any further, go look them up yourself. Nice try though, Gary.

>> No.54236818

>>54236400
Who gives a shit? ETH will grow to $10k+ and I'm gonna keep staking.

>> No.54236932

>>54236789
It was a rhetorical question, you already confirmed you're retarded. Ask a chatbot how regulations are implemented and why it requires a law to be passed, I can't be bothered to explain it to you

>> No.54237489

>>54236400
Yes, sell low! Fast! Sellsellselll!

>> No.54237820

>>54236452
WTF are you on about? Being registered as a security is the end of eth.