I can´t get into much detail, but I just got solid information from couple of senior SEC members, and although there isn´t a confirmation of the result of this meeting, they strongly claimed the general consensus among the staff is that ETH WILL be classified as security.
When questioned about the probability of this outcome ( not being a security ), one individual said 90%, while the other said 95% chance.
Use this information wisely, also regardless of the result no immediate action will be taken and not even a agenda will be discussed for the next steps.
Hey, Ive got a friend that will attend the hearing and he spoke as well to some people and they all said that this was a joke and it will not be labeled a security. He also said that the only reason for the hearing is to classify eth as a commodity for legal reasons and to get it down in writing.
Use this information as you please.
Angel Gonzalez
Buy the fucking dip. This shit is about to take off after the fud clears.
That's interesting my uncle works at Nintendo and he also seems to think that ETH is a security
Daniel Brown
>the general consensus is that ETH WILL BE A SECURITY >when questioned about the outcome (NOT BEING A SECURITY), one said 90% and the other 95%
are yall as retarded as OP?
Noah Green
I'm confused by your wording. First you say the consensus is that it will be a security. Then you say the probability of it not being a security is 90%. Why am I confused?
Aaron Perry
My father-in-law works for the RIAA and he said that there is an 88% chance that ETH will be certified double platinum.
i work as the floor sweeper for the barber who cuts the hair of the security guard whose girlfriend is the cousin of a secretary at morgan stanley and I heard that eth will be categorized as a slimming aid because of the money skelly
Jason Morris
Hi, im the secs waterboy and i overheard while changing out the water jugs that eth is for defs for shure a commodity
Brandon Sanders
because OP is full of shit
Jackson Ortiz
INSIDER INFORMATION Now I can't get into much detail obviously you guys understand the sensitivity of the situation but we just spoke with OP's mom and she is confirming that OP is indeed a faggot.
Wait a minute...wait...ok...ok I am gettiing more now...ok folks sorry this is breaking news we are literally getting this info live right now. OP's mom is now adding that OP is in fact a massive faggot virgin who needs to clean his room and stop...sorry I did you say...ok...ok yes she is saying she wants OP to stop going on mommies computer when shes not home.
That all folks, I'm Sven Magillicutty and this has been Channel 4 action news on your side.
>one individual said 90% >the other said 95% Where do you think we are at "The price is right"?
Evan Wright
My proctologist’s wife works for Camel cigarettes, and while he was fingering my asshole checking for signs of cancerous polyps, explained that she is 44% certain that ETH will be certified as smooth
Samuel Myers
Can anyone explain what would happen if ETH would be classified as a security in the US? Is it about taxes? Or the team should become a company or something?
Colton Howard
Basicly if you buy something and are yourself responsible for growth in value, its commodity. If people who sold you stuff are responsible for value growth, its security.
as someone who doesnt know shit and just googled what a security is
how will eth being classified as a security affect eth and why?
are other cryptos classified as securities?
Benjamin Powell
burguers will need 300,000USD annual income or 1,000,000USD in assets to buy ethereum
Chase Ward
Why are people worried about it being a security? Do they have to pay more taxes? There’s already taxes on crypto
Brandon Peterson
Nice larp
Easton Howard
Whoa is that true? That doesn’t seem true. A stock is a security and any rando joe can buy an Amazon stock for $1,000; why can’t he buy an ETH for $1,000?
Colton Torres
It has a do that securities fall under goverment regulations. As an exhange you have to apply to trade securities. So most exchanges in wild wild west crypto land will have to delist.
I might be wrong about this, but this is what I got.
Levi Johnson
Whoa that sucks. The thing I’m worried about is trading. I remember on Robinhood you have to have a special account or you get flagged as a day trader. I like moving around $20 and losing it without banks breathing down my neck.
Josiah Ward
If its a security it will mean exchanges (american) will have to be licensed to sell it. It also means Americans cant participate in ICOs... all in all who gives a fuck.
Samuel Powell
But only ETH and not the issued tokens in the ETH network
Robert Foster
>Insider trading leak >From two sources >From the SEC itself
Yeah no. Even implying that two members would share this information together is a bad idea. It's much harder to keep a secret when someone besides yourself knows the secret.
Jayden Cruz
you have to think about it from a retards perspective. ETH a security bad =price drops ETH not a sec good = party continues
My dad works for Microsoft and he said it’s not going to be a security faggot
Alexander Foster
can anyone even post information about this meeting that isn't a sensationalist crypto site?
the only important thing i can find is the wall street journal article talking about the meeting
"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."
do you even think they're going to announce anything major from this meeting seeing as how the SEC doesn't even list this shit on their upcoming events page?
they said they'll "discuss" the matter, not make a decision. and the whole market is freaking out over it. they may leave further discussions for another day for all we know and they'll probably just draw up some boring lawyer stuff and we won't really know what regulators are saying about this shit for months.
Brayden Kelly
When is this fucking meeting, there is no info
Noah Turner
this is the jekyll island meeting of the crypto world, it all seems very cloak & dagger.. little to no info, probably just a few rotschilds and rockefellers and ceo's of international finance getting info from the bogs on how best to re-centralize this "ether" and manipulate it.
Jordan Green
i unironically think we'll see some volatility over the next couple of days but overall by the end of the week going into consensus we'll see eth higher than its been in a long time. $900+ by next week, maybe $1000 by the end of next week come at me bitches. this sec meeting is the biggest fud ive seen in months.
Ayden Hughes
No. It sounds like a meeting. I don't know if anyone here has worked in the government, but I have, and all they do is meet and eat donuts.
Nothing will come of this. Nothing except donuts anyway.
Christopher Bailey
Nah it'll stay strong this week. Payments Canada is running a massive fintech event this week and Canada's been dickriding blockchain tech harder than a lot of other places so it'll keep the price well supported. They're extensively covering ISO20022 and blockchain/smart contracts technology as a potential next step for their payment modernization agenda.
Easton Cook
I have solid information that ETH will be classified as CP because of minors.
Julian Reyes
>and all they do is meet and eat donuts.
sounds like a nice job
Bentley Williams
I can´t get into much detail, but I just got solid information from couple of senior SEC members that OP is a beta male.
Ian Martin
I can't get into much detail, but I just got solid information from couple of senior SEC members that trump is launching his own cryptocurrency.
Elijah Cox
>can´t canadian multilingual keyboard detected nice try, jacques from québec
Easton Stewart
keks
Hudson Martinez
I heard from my nephew that works at Jiffy Lube a senior member of the sec steering committee was in for an oil change in his Escalade and he told him Eth was a safe play. He also mentioned Chainlink was the Unicorn, whatever that means?
Dominic Mitchell
It can be if you have no soul or desire to accomplish anything with your life. If all you're after is a paycheck, work for the government.
hopefully the SEC does it's job for once and bans this shitcoin and it's scam ass ICO which are ALL scams
this 100% was a security when it started, although they changed it when they made enough to hire non retard lawyers who could see this coming
Thomas Gutierrez
dude i don't trust the WSJ, but ffs he has 1.5k followers congratulations on giving him a view
Connor Sanders
This seals it boyos, ETH is the place to be right now and for the next day. The FUD is ultra synchronized from all sides, sweet.
This is the only time I move out of LINK and into ETH, I just hope ETH pumps before LINK does
Michael White
Please mr government save me from bad decisions. I cannot think for myself
Matthew Ward
shitposting is fun but it'd be more productive if you guys would tweet at the authors of the wsj article and ask them in a polite manner about their sources and the reason why there's no information about the alleged meeting: twitter.com/davidamichaels twitter.com/paulvigna
Cooper Bailey
Lol.. sick maybe but if you didn't chuckle u have zero sense of humor or did not understand. It is an art to Larp two projects in one post.
Eli Barnes
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Adrian Wilson
Zero chance it becomes security. Why would they intentionally undermine their own authority? I.E. Eth is made security everyone freaks two seconds then goes and starts trading on a dex or foreign exchange using vpn. And suddenly everyone sees the emperor has no clothes.
Daniel Rogers
Security a FUD confirmed, no hearing or ruling today, congrats faggots you fell a victim to the pump and dump groups. prepare for $1 XRP pump.
It's not true. lol. The amount of bullshit in this thread is piling so high that it's starting to block Vitaliks autism level
Brayden Stewart
Good news. You can already buy and sell ETH on RH. Also, the "rule" is that you have to have $25k in your trading account for unlimited daytrading. This is a universal rule enacted by the SEC on all brokers
Justin Davis
Start a smart contract to prove that you're not full of shit.
Jaxson Rogers
GOD DAMN IT.
MODS WHY HAVEN'T YOU BANNED OP? NOTHING WILL CHANGE, NOTHING IS COMING. BIG PLAYERS KNOW THIS, HENCE WHY THE KEEP THROWING MILLIONS AT CRYPTO CONSULTING COMPANIES, BASED IN THE US, WHO ARE SEC COMPLIANT, TO DO ICOs.
I AM SO FUCKING SICK OF THE LARP
Aiden Jenkins
How the fuck will they enforce regulation on an anonymous trading platform? This is actually retarded.
Nathan Rogers
This. They should be held accountable for blatant market manipulation.
The WSJ reported a working group would be meeting to discuss the issue. A working group meeting is purely internal. This is not something that would appear on the public calendar for either agency nor is it something that should be expected to result in a decision or public announcement. Sometimes it's painful how clueless the crypto community is.
Source: I'm a regulatory attorney.
Xavier Butler
Nigger fuck off with your fake news. There is NO MEETING today. You whales are doing this to make everyone panic, before the great moon mission.
Samuel Baker
OP is a faggot, he just copied the real thread and changed a bit, but he is so dumb he couldn´t even do that