What could have happened if SEC had listed ethereum (ETH) as security ?

2018-6-27 23:39

There is an investigation on whether to classify some top cryptocurrencies with high market capitalization should be classified as securities or not. However, the Chairman of Securities and Exchange Commision (SEC) said that Bitcoin(BTC) is not a security during a meeting with congressional members. Ethereum was later classified as non-security asset towards the end of May 2018.,

Some of the things that should be expected assuming the Security and Exchange Commision (SEC) has its way in listing ethereum as securities even though that the CFTC chairman said is not so are:

1) Delisting from Coinbase: Coinbase has the principle of not listing any coin that is a security in its exchange. Hence, to be one the save side with the SEC regulators because of their licensing had only listed Bitcoin,Bitcoin Cash,ethereum,litecoin and ethereum classic with their site.

So, the ethereum developers should expect Coinbase to delist them. That is one of the reasons Coinbase refused to list XRP even though it’s Chairman said is not a security in agreement with what the Chairman of CFTC said concerning the cryptocurrency.

2) Increase in tax payment for its traders and exchanges: everyone who trades on ethereum within the US jurisdiction and other locations where higher taxes are paid for earnings on securities should get return for a higher tax return at the end of the financial year.

3) Reduction in mining activities and tradings: some miners might not be able to make a good profit after paying tax returns even some traders. This could lead to a reduced activity within the ethereum blockchain.

The post What could have happened if SEC had listed ethereum (ETH) as security ? appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3077.28 (+0.22%)
Объем 24H $12.487b
Изменеия 24h: -2.00 %, 7d: -3.07 %
Cегодня L: $3064.01 - H: $3217.31
Капитализация $369.58b Rank 2
Доступно / Всего 120.1m ETH

security ethereum sec securities classified listed had

Источник: zycrypto.com

security ethereum → Результатов: 44


Фото:

Vitalik Buterin Demands Court Challenge Against New nChain Patent

Ethereum co-founder Vitalik Buterin has openly criticized Blockchain research company nChain’s latest patent award, calling for opponents to challenge it in court. Pure Invention? nChain, whose chief scientist Craig Wright claims to be Bitcoin creator Satoshi Nakamoto while heavily endorsing altcoin Bitcoin Cash, received its latest European patent for what it describes as a “digital security invention.

2018-6-27 06:00


Фото:

Congressman Tom Emmer praised the SEC for clarifying that Ether is not a security

Congressman Tom Emmer has praised the U.S. Securities and Exchange Commission (SEC) for clarifying that ethereum’s native cryptocurrency, ether, is not a security. As previously reported, the SEC’s director of Corporation Finance, William Hinman, told the audience at the Yahoo! All Markets Summit: Crypto conference last week that “current offers and sales of ether are

2018-6-23 22:16


Bitcoin [BTC], Litecoin [LTC], Ethereum [ETH], Bitcoin Cash [BCH], Zcash [ZEC] now accepted by Freedom of the Press Foundation

Freedom of Press, on June 18th, tweeted that it will accept donations in five cryptocurrencies – Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and ZCash. It was founded for the purpose of protecting and defending the adversarial journalism and does so through crowdfunding, digital security, and internet advocacy.

2018-6-21 05:02


Фото:

Confirmation Regarding Ripple XRP As A Security, What’s Been Said?

The security debate continues to surround Ripple and Ripple XRP, the native currency to the Ripple network. Very recently, the United States Securities and Exchange Commission (SEC) have spoken out stating that both Bitcoin and Ethereum do not carry the necessary attributes to be considered a security however, there’s still no official news regarding XRP.

2018-6-18 14:00


Vatalik Buterin denies reports that the NSA created Bitcoin.

Ethereum co-founder Vitalik Buterin hit out at mainstream media Friday after an article appeared suggesting he thought the US National Security Agency (NSA) invented Bitcoin. The evidence it gathered came in the form of messages from popular forum Bitcointalk — but Buterin had written them over eight years ago in 2011. “My opinions have obviously changed

2018-6-17 23:30


Фото:

Vitalik Buterin Derides Misleading Reports Regarding the NSA’s Creation of Bitcoin

Ethereum co-founder Vitalik Buterin hit out at mainstream media Friday after an article appeared suggesting he thought the US National Security Agency (NSA) invented Bitcoin. ‘My Opinions Have Changed A Lot’ On June 15, UK tabloid publication Metro published what it described as a “discovery” that Buterin had made remarks about Bitcoin’s being created by the US National Security Agency (NSA).

2018-6-16 20:00


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru