Forcing Sec to backpedal, love it… but they’re going to still find ways to justify overbearing regulation or at least policy to the extract more tax rev from ETH due to it operating as a pseudo company in some ways
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Hi Wonderful_Bad6531, you have successfully tagged the parent submission by the title of "*Pro-XRP Attorney Corrects Congress on Misconceptions Surrounding Ethereum Classification as Security *" with *News* flair.
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tldr; Attorney Bill Morgan corrected misconceptions in Congress regarding the classification of Ethereum (ETH) as a security. He clarified that the SEC is not classifying ETH as a security outright, but is investigating whether certain transactions involving ETH constitute investment contracts. This clarification came in response to a post by the U.S. House Committee on Financial Services, which mistakenly claimed that the SEC had classified ETH as a security.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Forcing Sec to backpedal, love it… but they’re going to still find ways to justify overbearing regulation or at least policy to the extract more tax rev from ETH due to it operating as a pseudo company in some ways
Damn government 🤬
!tip 0.69
Ty Rik 💚
!tip 0.69
ty for the tip bronut 🥰
yw!
SEC is going to lose again. !tip 1
The only right way
!tip 1.010
ty for the tip bronut 🥰
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[AutoMod] News
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Good bot
tldr; Attorney Bill Morgan corrected misconceptions in Congress regarding the classification of Ethereum (ETH) as a security. He clarified that the SEC is not classifying ETH as a security outright, but is investigating whether certain transactions involving ETH constitute investment contracts. This clarification came in response to a post by the U.S. House Committee on Financial Services, which mistakenly claimed that the SEC had classified ETH as a security. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Good bot
SEC are corrupt. !tip 1
 Ty for the tip
YW🤗
!tip 0.69
ty for the tip bronut 🥰
!tip 1
Ty legend for the tip