Vocal Bitcoin maximalist Keiser sides with the SEC regarding the issue of all cryptos that are not BTC
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Keiser tweeted that “SEC is right”, again reminding his army of followers that all cryptocurrencies except Bitcoin, are “unregistered securities”, includingCoinbase was slammed with a legal action by the SEC in the summer last year for allegedly allowing users to trade unregistered securities. For the Securities and Exchange Commission all altcoins are considered securities and only Bitcoin and Ethereum have been proclaimed commodities.
However, recently discussions again began rising inside the SEC about whether the second largest cryptocurrency Ethereum is a commodity indeed. All Bitcoin maximalists, including Max Keiser and Samson Mow, believe ETH to be a security, a heavily centralized crypto.As for XRP, the case of the SEC against Ripple about this coin has been going since December 2020.
In the latest, development, the SEC demands that Ripple pays $2 billion in remedies to them to cover all the fines and damages caused.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
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