You've probably heard by now that Ethereum is not a security. Now, we have heard some of the people from Gab.ai, probably the better social network from Twitter, talking about how this is just crony capitalism and that Ethereum really should be considered a security.
So, the question on your mind with this particular article would be, is it crony capitalism? Are men and women behind the scene making decesions that are let's just say advantageous for them? But maybe not so good for retail investors.
SEC Director of Corporate Finance: Ether Is Not a Security
Credits: bitcoinmagazine.com
The particular vantage point that they are looking at is kind of likable because it's the praxis of how it's used, it's the praxis in which it is given out, it's the practical application of how these things are bought and sold that really can deem whether it's a security or not and bitcoin in many cases simply cannot be a security. There is no future return, the promise, it's just code, but if you think about it, bitcoin is the most powerful code.
Let me know what do you think, Is Ether still a security? Was it sold as a security? Is this a good thing for Ether? Is this a good thing for cryptocurrency as a whole? Our regulations maturing little bit or they still trying to just figure out what nonsense is going on or is there some crony capitalism behind the scenes that we are not aware of that's happening?
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