ConsenSys founder Joe Lubin says the chances of Ether being classed as a security in the United States is as (un)likely as Uber becoming illegal.
“I think it's as likely, and would have the same impact, as if Uber was made illegal.”
In September, Securities and Exchange Commission Chairman Gary Gensler suggested that the blockchain’s transition to PoS might have brought ETHGensler believed staking coins gave “the investing public” anticipation of “profits based on the efforts of others.” “They thought back then that everything was a security. We — I think — helped them significantly understand lots of tokens are not securities, and then they went away and Gary and team now think almost everything's a security.”
“There is no centralized set of promoters or builders that is specifically trying to raise the value of Ether and enrich investors,” he added.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ConsenSys founder 'bullish' on Ethereum following crypto winter performanceEthereum co-founder Joe Lubin weighs in on ETH's value through the latest 'crypto winter' and deflationary influence of the Merge.
Read more »
ConsenSys CEO: ‘We’ve retained virtually all of our capabilities’ after job cutsConsenSys CEO Joe Lubin points to 'macroeconomic and geopolitical' factors as the reason for the company's layoffs. According to Lubin, the cuts provided a “significant runway” to fund operations.
Read more »
Is Michael Saylor Finally Interested in Ethereum (ETH)?Learn how Saylor's 'interest' in Ethereum may be just another fake on crypto market
Read more »
Ethereum (ETH) Going to Valhalla, Says Former Ark Invest Analyst$ETH price performance will surprise investors closer to Shanghai update, believes cburniske
Read more »
Ethereum gas price spikes 29% in January as user activity grows: ReportA data report shows that Ethereum’s average gas price increased by 29.27% in January 2023.
Read more »
$4 Million in Ethereum (ETH) Being Actively Laundered by North Korean Hackers Now: FBI ReportNorthKorea's LazarusGroup has been actively laundering millions of USD in $ETH in the last two days: FBI. PeckShieldAlert
Read more »