What do they mean by this?
Other urls found in this thread:
twitter.com
twitter.com
>federal court says that crypto is a commodity
>CFTC is responsible for commodities
> CFTC is pro crypto (see futures)
> Giancarlo is based and redpilled
> CFTC is for institutional investors primarily and not for retail like the SEC (Giancarlo said that at CNBC Fast money)
is this so hard to see you faggot ?
It means they're not securities. It means that the SEC has no power whether they need to be registered or not. It's literally nothing.
It means crypto is coming to Wall Street. Load up your bags with every dip from now on
good thing ICOs specifically say they are not currency
That doesn't preclude some of them from being deemed securities. Just that by default they are commodities...
FUUUU
guys we cant say xrp is a security no more because of this ruling.
Fuck fuck fuck
I will believe it when I see a statement from the sec.
now we get our etf, only it's called a derivative and it's leveraged like bitmex for any coin or combination they wat to supress.
sec can suck a dick now
court says we moon
XRP isn't a cryptocurrency... its controlled by centralised servers that have all been granted permission by Ripple
fed is centralised and controlls the currency. xrp is controlled by the fed. dcg.
>twitter.com
why did you change the date on the tweet?
The article also mentions a recently released bitcoin option. Hmmm, did I miss something?
You did not just ask that.
It means there's another reason why Ripple's XRP can not possibly be labeled a security.
Notice how this is released ONE DAY after Ripple launched xRapid..
Surprise.. surprise..
Yes its more a currency than a cryptocurrency
>XRP isn't a cryptocurrency...
Isn't there tax implications? If crypto is a commodity, then are crypto-to-crypto trades taxable events? And I think there are rule differences between when gains qualify as capital gains v. income.
Also, a US district court decision overrules an SEC regulation.
it almost seems like when an agency wants it classified as a certain thing that will benefit them and hurt crypto there is a judge ready to classify it as that exact thing. its property for tax purposes but a commodity for enforcement purposes and maybe a security too if we feel like it? get fucked faggots. go fuck yourselves. nobody is complying with anything. come tru to make is and see what happens fucking niggers
How is it a commodity if it's a currency? Non-currency tokens can certainly be labeled as commodities, but you can't say a currency is.
gold coins are currency and commodity. crypto makes more sense as a commodity vs a security. tokenized assets (stocks) that are not commodities are securities.
in reality it's none of these things it's numbers in a computer program so everyone can fuck off
>jpegs are not pictures because they're just numbers in a computer
ok but you can see them and describe them as images cryptocurrency is just a bunch of signatures. make the argument it is money, a commodity, a security, or anything other than a bunch of signatures. you can't
>controlled by centralised servers
being this retarded in 2018
moon
I wanna know this too.
no this has no bearing on that agency. each agency gets to classify it as whatever benefits them the most. so it will still be property for those purposes.
It means that all the exchanges are now unlicensed selling commodities to US citizens which means they can all be taken down.