According to Bitcoin bull Michael Saylor, all tokens backed by PoS networks are essentially non-compliant securities.
by U.S. Senators such as Kirsten Gillibrand and Cynthia Lummis, along with figureheads from the Securities and Exchange Commission and the Commodities Futures Trading Commission .
“I think Ethereum is a security, I think it’s pretty obvious, [...] it was issued by an ICO, theres a management team, there was a pre-mine, there’s a hard fork, there’s continual hard forks, there’s a difficulty bomb that keeps getting pushed back.” According to Saylor, for a digital asset to be classified as a commodity, it needs to be backed by a “completely decentralized protocol where nobody can change it even if they wanted to change it.”
Securities are generally understood as fungible and tradable financial instruments that are used to raise capital in public or private markets. While commodities are seen as goods or assets that have a monetary utility. Assets like gold and silver are seen as hard commodities, while soft commodities are goods such as rice or tea.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
52,000 BTC Bought by Bitcoin Sharks Over Past Month: ReportBitcoin sharks raise their holdings to 4.29 million $BTC: Santimentfeed. saylor MicroStrategy
Read more »
Bitcoin (BTC) Price Analysis for July 9$BTC price analysis: if bulls can hold the initiative until the end of the week, traders may expect growth to the $24,000-$25,000 area Bitcoin BTC BTCprice
Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Following Recent Gains – Market Updates Bitcoin NewsBitcoin was marginally higher to start the weekend, as bulls were able to fight through Friday’s volatility.
Read more »
Here's Your On-Chain Checklist for Cryptocurrency Market ReversalBitcoin reversal rally is impossible without these indicators switching to bullish mode
Read more »
A’s hoping Montas will miss only one start, call up Logue to fill in against AstrosThe A’s are still uncertain when Frankie Montas will return to the mound.
Read more »
How to Connect MetaMask to the Avalanche NetworkHere's how to use MetaMask to join the Avalanche ecosystem and take advantage of its quick transactions and lower fees. AntolinWriter delivers a simple guide:
Read more »