Ethereum "Merges" With The SEC
𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
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In this video, I discuss how Ethereum may have inadvertently turned itself into a security by moving from proof of work to proof of stake.
Not even 24 hours after the Merge, Gary Gensler has come out swinging, reminding people that staking rewards look a lot like interest income or dividends that are paid by a security.
Here's some advice to crypto projects:
If you want to look more like a commodity, don't have one guy in charge who creates the road map and drives development forward.
And especially don't do that if the new feature that you just added looks a lot like an interest-bearing security. That doesn't look too commodity-like to the SEC.
Not investment advice! Consult a financial advisor.
Ether’s New ‘Staking’ Model Could Draw SEC Attention:
https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224
World Economic Forum loves Ethereum:
https://www.weforum.org/agenda/2022/09/ethereum-merge-crypto-currency-sustainability/
Ethereans get their big boy pants:
https://twitter.com/ryansadams/status/1570325531899629571
The head of the SEC says most cryptocurrencies are operating illegally:
https://qz.com/the-head-of-the-sec-says-most-cryptocurrencies-are-oper-1849513471
Gary Gensler going after Ethereum:
https://twitter.com/jchervinsky/status/1567864047864881156
Ethereum development sure looks centralized:
https://twitter.com/jaredpolis/status/1570484385694224384
https://twitter.com/yugalabs/status/1570309632962473987
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https://www.trader.university/join
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https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#ethereum
#crypto
#bitcoin
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