Has The Merge Turned Ether into a Security? Yes, SEC's Gary Gensler Suggests | CoinMarketCap

While the SEC chairman stressed that he wasn't talking about any digital asset in particular, his remarks are particularly ominous given how The Merge had taken place just hours earlier.

"From the coin's perspective… that's another indicia that under the Howey test, the investing public is anticipating profits based on the efforts of others." Crypto projects have faced action from the SEC before after launching initial coin offerings that the regulator regarded as an illegal securities offering.

Awkwardly, it may be the case that Ether wouldn't have been counted as a security had it continued to exist on a Proof-of-Work network.Coin Center — a non-profit focused on crypto policy — does not believe "the technological differences between PoW and PoS warrant any different treatment." A blog post explained:

Source: Digital Coin News (digitalcoinnews.net)

Really? And we have figured that just now? Ok 😃👍

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ethgate freepass eth had to be sued from the start

👀

Less competition for Bitcoin now. Good stuff.

Such a fantastic opportunity!

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BabyDogeCoin

Why are they keepinnn thiss a secret.?.

ETH makes another additional coin ETHW....will ETH make another Coin Tomorrow...?

man sec can just cease to exist

ETH LFG NFT FOMO

If the SEC classifies cryptocurrencies as securities it then further legitimizes crypto in the market. It should help increase its acceptance rate over using other forms of legal tender. It will be interesting to see if Ethereum’s PoS will surpass Bitcoin’s PoW with this move 🤑

Bitcoin is going to change the world from a money transactional standpoint, not just for me but for everybody.

On September 22nd, right after the 3air token listing, the subscriptions for the stakng preparation period will be opened. 3air. Crypto

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I'm afraid that this isn't the slam many think it is.

Please drop who can. BEP-20 Украина. 0x4a5914e297d098C083F3C0F2491492C6A2eF3A5a

Why does the world care so much about what the Americans decide? Ok cool.. so the USA classifies them at that… so what? The rest of the world can do whatever they want

Has the Merge turned GaryGensler into the most confused US gov official ever?

Hey yo GaryGensler with all do respect, & I mean with all do respect suck our 🍆's

Lol lol

crypto defi btc shocking stats 😳😳

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Airdrop Don't be late 🤯

Ok, I only listen to ChiefraFba for signals!

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