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bitcoin and crypto have long since parted ways, they are different things now. even from a regulatory perspective bitcoin is the only one that has clarity being
by tippytippytango 3y ago
bitcoin and crypto have long since parted ways, they are different things now. even from a regulatory perspective bitcoin is the only one that has clarity being defined as a commodity and not a security, everything else is in a grey area
- meowkit 3y agoThis isn't accurate. BTC has the best legal argument for being treated as a commodity, but there has been no legislative decision on this. The CTFC sees BTC and ETH as commodities. Gensler pre-SEC said BTC, ETC, and LTC are commodities. The SEC and Gensler post-SEC says they are all securities, except maybe BTC. The Ripple decision (Yesterday) says that unless a crypto is contractually sold to an investor (e.g. not directly listed via an exchange) then its doesn't fall under the Howey test. https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/ https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-r...
- tippytippytango 3y agothanks for clearing that up