BTC – ETH Securities?

BTC ETH securities

Breaking announcement. SEC lawyer approved that the previous position of the commission regarding cryptocurrencies status wasn’t official. In 2018, they claimed that Bitcoin and Ethereum were not securities. Ripple requested a judge to figure it out and speed things up.

Depends on the decision, its influence on the cryptocurrency market may differ a lot. If SEC approves Bitcoin and Ethereum as securities, cryptos shall be taxable and come under some other regulations. This can drop their prices.

On the other hand, as SEC is the only-American Commission of Securities and Exchange, this may have a temporary effect, with minor speculations. Also, it will shed some light on the SEC image as a decisive party in this field.

  • Nevertheless, the following events will open the crypto world from the new side, so let’s wait for further clarifications and news.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Nazar Kuzmyn

Nazar is editor and gaming journalist at DailyCoin. As a gamer with experience, he writes about blockchain gaming gimmicks and peculiarities, conducts interviews at gaming conferences, and creates content focused on the point where traditional gaming meets crypto gaming in DailyCoin’s "Imaginarium" section. His work usually covers topics such as: "What would happen if the most popular games implemented blockchain?" Nazar started his career in media in 2017 at a small local TV-radio station. Later, he obtained a master's degree in Journalism and Media Industries, worked for several blogs, and then landed in the crypto world.