Look Out- Ethereum Is On The Brink Of Being Declared A Security
Today I do a market roundup, some technical analysis and highlight big stuff happening this week. Check out the launch offer for my new course The Master Cryptocurrency Trader at: https://www.cryptoversity.com/courses/the-master-cryptocurrency-trader/
Sources:
https://coinmarketcap.com/
https://twitter.com/ChrisConeyInt/status/993047138409046016
https://www.coindesk.com/events/consensus-2018/
https://cryptodisrupt.com/sec-set-to-make-decision-on-ethereum-by-may-7/
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Regarding the SEC decision, I think they will not provide a clear decision as it has major implications for regulation. Thus, they will probably delay their ultimate decision by saying that it is not a security but needs to be regulated thus leaving an overhang as the framework for regulation is created. Given that it is the primary vehicle for capital raises, they will want to keep it under its jurisdiction vs an CFTC which have more flexibile requirements.
upvoted good luck!
super post sir
The U.S seem to be trying to kill crypto through regulatory indecision be it on purpose or otherwise.
Unfortunately they are not the only game in town and crypto business will gravitate to where they can innovate with the most forward thinking nations reaping all the benefits.
I'm really not sure which way this decision is going to go but I'm highly optimistic about ethereums future!
No worries here mate. ..Thanks for the info Chris!
Let’s hope the right decision is made. Although I would rather they where discussing EOS as a security but I guess that is on its way for sure.
Not long time we find out, good luck ETH and great video as always, resteeming
Glad the regular show is back, liked the market roundup. I'll be watching those breakout levels.
Chris, will you be at Consensus?
Did this happen, I did not see any news?
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