XRP, Coinbase, and Binance share a common thread: involvement in legal actions or regulatory scrutiny by the U.S. Securities and Exchange Commission (SEC).
ETHUSD
could join this trio, because it's currently under investigation by the SEC.
After the Shapella(Shanghai) upgrade, Ethereum (ETH) now satisfies all the criteria necessary to be classified as a security by the SEC.
This includes aspects such as the initial supply being allocated to the Ethereum Foundation and the development team, promotion of ETH by both entities, as well as the implementation of staking rewards.
No need to explain how lawsuit will reflect on ETH price and the crypto market in general.
SEC is doing this to lower the price of ETH just in time for the ETF launching or there is something bigger?
I believe it's FUD preceding the approval of the ETF, because it has the potential to trigger a disaster.
Note: not financial advice
ETHUSD
could join this trio, because it's currently under investigation by the SEC. After the Shapella(Shanghai) upgrade, Ethereum (ETH) now satisfies all the criteria necessary to be classified as a security by the SEC.
This includes aspects such as the initial supply being allocated to the Ethereum Foundation and the development team, promotion of ETH by both entities, as well as the implementation of staking rewards.
No need to explain how lawsuit will reflect on ETH price and the crypto market in general.
SEC is doing this to lower the price of ETH just in time for the ETF launching or there is something bigger?
I believe it's FUD preceding the approval of the ETF, because it has the potential to trigger a disaster.
Note: not financial advice