ETH and XRP could be regulated as securities

Take profits and seek shelter Anons, it's showtime soon.

> wsj.com/articles/worlds-second-most-valuable-cryptocurrency-under-regulatory-scrutiny-1525167000

>Gary Gensler, a former CFTC chairman, said in a speech last week that “there is a strong case that one or both of ETH and [Ripple’s] XRP are noncompliant securities,” using the shorthand for the virtual currencies.

>A working group of regulators including senior SEC and CFTC officials are scheduled to discuss the matter on May 7, one of the people said.

May 7, the whales will make their play off this news.

>The foundation raised over 31,000 bitcoin, or about $18.3 million, in July 2014 when it sold about 60 million ether. Because the foundation raised the money to build the Ethereum platform, and investors probably bought ether speculating the launch would make the asset rise in value, the deal resembled a securities sale, the people said.

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Other urls found in this thread:

coindesk.com/sec-cftc-chiefs-set-senate-crypto-hearing-next-week/
twitter.com/SFWRedditImages

>could this and could that

They could also be NOT regulated as securities and consequently fly through the roof

hey, OP
What does "regulated as securities" means?

And if they are regulated as securities, what does this mean for us amerimutts?

Of course they are securities. Literally every single ICO that sells to americans is a security.

Money will flow into BCH where you can run smart contracts after the may update, and is NOT a security.

>high level fud
Nice, just went all in on xrp

nice cherry picked old bullshit news - this shit is old and has already been countered and criticized from several angles

No shit, remember early Feb? The whole market tanked prior to the SEC & CFTC's Chairmen's Senate hearing. That was when BTC tanked to $5,800.

The same thing can play out on May 7th. I'm not saying it's the end of crypto, but manipulators will play with this news likes they did in February.

I'm telling you guys to take profits and wait for a big dip. Bag holders and their short memories...

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nice just shorted 2 btc on 50x

This article was published 5 hours ago. Stay autistic.

?

the meeting hasnt even happened yet dumbass

but neither btc or bch are securities

the news was reported weeks ago. this isn't new at all. google it nigger, it's that easy.
"they could be"...or they won't. this is a speculators market.

Makes sense.

I dont think I will sell though, we're already quite low and the risk of getting fucked is too high. Not worth it

only americucks care about securities

meanwhile the holo team isn't filled with retards and they're going out of their way to avoid being classified as a security

Wow, why are you so fucking stupid? BTC tanked to $5,800 in Feb 6th because of the same "they could be"... or they won't uncertainty (image related).
> coindesk.com/sec-cftc-chiefs-set-senate-crypto-hearing-next-week/

Fucking learn to pick up trading signals you hopeless bag holder. All I'm saying is get ready to buy the fucking dip.

The same trading scenario is happening right now. Autistic shitheads needs to gtfo.

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>we're already quite low
See the image i provided above. Only $1K below last shitfest.

SBI Japan crypto bead thinks securities regulation is good for XRP and only regulated can go forward. Rest will be outlawed.

explain to brainlet, why is it bad if it's a security? makes it harder to buy?