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/biz/ - Business & Finance

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55547901 No.55547901 [Reply] [Original]

But you told me ETH is a security!?

>> No.55547962

eth is security
funds are safu

>> No.55547993

it still is, just one the sec is unlikely to ever get their hands on.
it still effects ethereum's reputation, preventing it ever being a neutral global money, instead boxing it into a technology with all the demands that entails. legally though it's always been the only premined alt that stood a chance, no change there.

>> No.55549676

>>55547901
Does it have legal clarity?

>> No.55549748

CFTC already declared it to be a commodity. The SEC doesn't want to get wrapped up in a legal battle with the CFTC so Eth is safe, alongside BTC, XRP and LTC.

>> No.55549810

>>55549748
something can be both a commodity and a security

>> No.55549821

>>55549748
Eth will get the same clarity as XRP if it went to court, Hinman, Clayton, Consensys, Lubins and Vitalik will get fucked over, but Eth would survive.

>> No.55549839

>>55549676
>Does it have legal clarity?
As much as can be expected. To declare it a security in the sense that exchanges are breaking securities law by trading it, would now require a judge to directly go against the established precedent sat by another judge. That is not supposed to happen.

>> No.55549941
File: 67 KB, 501x585, grya.jpg [View same] [iqdb] [saucenao] [google]
55549941

>>55549810

>> No.55549999

>>55549810
aha non-binary securities.
look if you're bi, you're gay.
if you're somewhat a security, you're 100% gay.

>> No.55550001

>>55549941
a security is just a contract, you can make anything a security, it just depends how it's sold.

its clear anything similar to ethereum isn't a commodity anyway, even things launched in direct influence to bitcoin like litecoin are tenuous commodities. they're just out of jurisdiction if the sec definitely loses.