It’s raining cats and dogs. Will the SEC continue to mess with ETH this year?

The United States has begun to focus on ETH, and the US SEC is preparing to define ETH as a security. Once passed, it will mean that the platform will completely remove ETH. At the same time, a large number of public chains will face SEC review

The external network has caused an uproar, and ETH has fallen sharply and weakened. The United States wanted to define BTC as a security a long time ago. After two years of discussion, BTC was defined as a commodity. The scope of control of commodities and securities is completely different

First of all, securities can only be traded on securities platforms, such as the US Nasdaq or global stock markets, but commodities can be traded on any platform. I have never heard of buying and selling sweet potatoes, and you must go to a trading platform

More importantly, securities need financing. Since you have the money, you have to do things and put the money in a cage. Every sum of money must have a purpose, and you must disclose what you have done to everyone. How many public chains can do these things at present?

At the same time, securities also mean facing the strongest control of the SEC. The US Securities Act has a strict and detailed control plan, which is bound to arrest a large number of project parties. It seems that defining coins as securities is a bad thing, but it is only for the project parties. Brother Wang thinks it is a good thing for most people. After all, at least there is no need to worry about the project parties taking the money and running away. However, the project parties are all against the SEC. ConsenSys pointed out that ETH is not a security, but decentralized. The CFTC also admitted that ETH is a commodity. In short, after a long list of things, the SEC said that I understand, but I will continue to check.