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they have not been registered with the SEC. both are leaderless and therefore lack the ability to register with the SEC
by cdiddy2 4y ago
they have not been registered with the SEC. both are leaderless and therefore lack the ability to register with the SEC
- pwinnski 4y agoBTC is leaderless, which seems to be a large part of why the SEC is convinced it is not a security. ETH is not leaderless to the same degree, and to my knowledge has not been declared "not a security" by the SEC in the same way BTC has.
- cdiddy2 4y agowell the CFTC says that it is a commodity https://decrypt.co/123032/cftc-chair-says-ethereum-is-a-commodity-despite-genslers-bitcoin-only-position https://decrypt.co/123032/cftc-chair-says-ethereum-is-a-comm... and in 2018 an SEC commissioner gave a speech in which he said eth was not a security, but the SEC is doing all they can to muddy the waters on that https://cointelegraph.com/news/sec-seeks-to-keep-hinman-documents-hidden-in-ripple-case https://cointelegraph.com/news/sec-seeks-to-keep-hinman-docu...