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r/BitcoinSee Post

Bitcoin is now part of the mainstream financial system, at least in the USA

r/BitcoinSee Post

Binance vs. SEC: Heightened Disputes on Evidence Production

r/BitcoinSee Post

Saylor Fraud Conviction/Microstrategy Fraud

r/CryptoCurrencySee Post

The last deadline for an Ethereum ETF approval for the SEC is in May 2024, expect a stronger pump than the months before the BTC ETF approval

r/CryptoCurrencySee Post

SEC Crypto Enforcement Reached New High in 2023

r/SatoshiStreetBetsSee Post

DePIN projects have highest growth potential in 2024 / 2025 and DePIN ETF is most likely to be approved in the future by the SEC.

r/CryptoMarketsSee Post

DePIN projects have highest growth potential in 2024/2025 and DePIN ETF is most likely to be approved in the future by the SEC.

r/CryptoCurrencySee Post

Spot Ether ETF Applications Decisions Delayed by SEC

r/CryptoCurrencySee Post

SEC Delays Spot Ethereum ETF Decisions

r/CryptoCurrencySee Post

Here's the New SEC Deadline for BlackRock's Spot Ethereum ETF

r/CryptoCurrencySee Post

The SEC’s Bitcoin ETF Approvals Have Forever Altered The Global Monetary System

r/BitcoinSee Post

The SEC’s Bitcoin ETF Approvals Have Forever Altered The Global Monetary System

r/BitcoinSee Post

The SEC Bitcoin ETF Approvals Forever Alter The Global Monetary System

r/CryptoCurrenciesSee Post

Do you still believe in Buy the FUD and sell the News?

r/CryptoMarketsSee Post

New SEC Deadline for BlackRock's Spot Ethereum ETF Announced - Daily Coin Post

r/CryptoCurrencySee Post

U.S. SEC blames 'SIM swapping' for its X account hack

r/CryptoCurrencySee Post

The SEC extends its decision on BlockRock's spot Ethereum ETF proposal to March, allowing more time for evaluation.

r/CryptoMarketsSee Post

SEC Extends BlackRock’s Spot Ether ETF Decision to March

r/CryptoCurrencySee Post

SEC delays BlackRock's Ethereum spot ETF to March

r/CryptoMarketsSee Post

Is SEC’s Bitcoin ETF Green Light a Watershed Moment for Crypto Industry?

r/CryptoMarketsSee Post

Is SEC’s Bitcoin ETF Green Light a Watershed Moment for Crypto Industry?

r/CryptoCurrencySee Post

SEC Claims 'SIM Swap' Attack Behind X Account Breach

r/CryptoCurrencySee Post

Crypto.com is now 9th largest exchange by spot volume, with more spot volume than Kraken and Kucoin

r/CryptoCurrencySee Post

SEC Commissioner: Ethereum ETF approvals won’t be same as Bitcoin

r/CryptoMarketsSee Post

Binance and SEC Lawyers Clash: Intense Arguments Over Crypto as Security

r/CryptoCurrencySee Post

Jailed Safemoon CEO’s legal troubles grow as expensive lawyers back out.

r/CryptoMarketsSee Post

SEC Hack Happened Because Of Problems With Multi-Factor Authentication

r/CryptoMarketsSee Post

SEC Reveals X Account Hack Caused by ‘SIM Swapping’

r/CryptoCurrencySee Post

SEC Shut Off Extra Security on X For 7 Months, Letting Hacker Breeze In

r/CryptoMarketsSee Post

B. Riley Financial Faces SEC Scrutiny Over Securities Fraud

r/CryptoCurrencySee Post

Why the SEC’s Case Against Coinbase Is So Significant for Crypto

r/CryptoCurrencySee Post

Crypto Backers B. Riley and Nomura Entangled in SEC Probe: Bloomberg

r/BitcoinSee Post

What regulatory hurdles did Bitcoin have to go through the get the ETF approval?

r/CryptoCurrencySee Post

Blackrock Seeks SEC Approval to Offer Options on Spot Bitcoin ETF — Ishares Bitcoin Trust Now Holds 28,622 BTC

r/CryptoMarketsSee Post

Understanding The Importance of Real World Asset Tokenization

r/CryptoCurrencySee Post

Coinbase has 70% chance of full dismissal in SEC lawsuit — Litigation analyst

r/CryptoCurrencySee Post

Blackrock Seeks SEC Approval to Offer Options on Spot Bitcoin ETF — Ishares Bitcoin Trust Now Holds 28,622 BTC – Regulation Bitcoin News

r/CryptoCurrencySee Post

Court decisions could scale back SEC authority over crypto industry

r/CryptoCurrencySee Post

Approvals For Ethereum Spot ETPs Could Be Next

r/CryptoCurrencySee Post

SEC Reviews Spot Ether ETFs, Analysts Give 50/50 Chance

r/CryptoMarketsSee Post

Nasdaq, Cboe Seek Approval for BTC ETF Options, SEC acknowledges proposal

r/BitcoinSee Post

SEC opens comment period on Nasdaq proposal that would allow options trading on BlackRock's spot Bitcoin ETF.

r/CryptoCurrencySee Post

Coinbase Ruling

r/BitcoinSee Post

Unpopular opinion. SEC feigned resistance to ETFs but actually the government is the one behind the ETFs as it allows them to track money almost as easily as they do now.

r/BitcoinSee Post

Why people like idea of BTC ETFs?

r/SatoshiStreetBetsSee Post

SEC delays decision on spot Ethereum ETF, Grayscale's Ethereum trust has $5 billion worth of ETHER in assets. Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETF. Signs of Ethereum dump incoming after approval. Why do you still want a Spot Ethereum ETF?

r/CryptoCurrencySee Post

Coinbase, SEC lock horns in US court over crypto securities

r/BitcoinSee Post

SEC Lawyer In Coinbase Case: Bitcoin Is Different

r/CryptoMarketsSee Post

Coinbase and SEC Face Off in High-Stakes Legal Battle

r/CryptoCurrencySee Post

Coinbase argues stocks, Terraform Labs and Howey in 5-hour SEC face-off

r/CryptoMarketsSee Post

Coinbase SEC Lawsuit Is Currently Very Tense

r/CryptoMoonShotsSee Post

SEC vs Coinbase: A Detailed Analysis

r/BitcoinSee Post

The SEC has screwed ordinary people with its Bitcoin restrictions, Erik Voorhees tells Davos

r/CryptoCurrencySee Post

None of the cryptos are actually a security, let's see how the judge dealing with the 'SEC vs Coinbase' case made it clear today for everyone!

r/CryptoMarketsSee Post

SEC vs Coinbase: A Detailed Analysis

r/BitcoinSee Post

Coinbase vs SEC is happening live

r/CryptoCurrencySee Post

Coinbase, SEC set to face off in federal court over regulator's crypto authority

r/CryptoCurrencySee Post

Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal

r/CryptoCurrencySee Post

I suspect SEC chief is a hidden Monero evangelist, and here is why

r/CryptoCurrencySee Post

SEC Hacker: The SEC

r/CryptoMarketsSee Post

US SEC Supports Do Kwon’s Request to Start Trial Post-Extradition

r/CryptoMarketsSee Post

Bittrex Objects SEC’s Securities Classification of Crypto

r/BitcoinSee Post

ETF and it's negative affect on price action. And is this possibly a long game they're playing to ultimately kill Bitcoin?

r/BitcoinSee Post

Etf su Bitcoin da ora negoziabili in Italia/Europa

r/CryptoCurrencySee Post

Bitcoin’s ‘remarkable’ growth and CBDCs threaten the US dollar: Morgan Stanley

r/BitcoinSee Post

Just contacted Merrill that I will close account and move asset

r/BitcoinSee Post

Bitcoin ETF adoption - Canadian Wealth Management Perspective

r/CryptoCurrencySee Post

US SEC willing to delay Terraform Labs trial for Do Kwon's extradition

r/CryptoCurrencySee Post

Abolish the SEC

r/CryptoMarketsSee Post

SEC X Account Hack Is Not A System-Related Problem

r/BitcoinSee Post

To all the millennial hodlers out there...

r/CryptoCurrencySee Post

Why Ether, Not Bitcoin, Dominates the Crypto Market in Early 2024

r/CryptoCurrencySee Post

Richard Heart hire's Elon Musk's lawyer to submit dismissal request of SEC lawsuit. If he wins it will protect all crypto. "Magic Carpet Ride" to counter the SEC lawsuit?

r/BitcoinSee Post

SEC Chair: Bitcoin ETF Is Not What Satoshi Would Have Wanted

r/CryptoMarketsSee Post

SEC Chairman Gary Gensler Unveils Truth Behind SEC’s X Account Hack

r/CryptoCurrencySee Post

OTC can be fulfilled via transfer of ownership of cold wallets.

r/CryptoCurrencySee Post

btc spot etf's can obtain btc otc via swapping ownership of cold wallets.

r/BitcoinSee Post

The SEC approving spot bitcoin ETFs has just given the green light to the banking and financial industry to start working on and offering bitcoin financial products.

r/BitcoinSee Post

What do you think BTC will drop too?

r/CryptoCurrenciesSee Post

Day 3 after BTC spot ETF listing; not the market we expected?

r/BitcoinSee Post

Concern over the mechanics of ETFs and potential impact on market

r/CryptoMarketsSee Post

Do Kwon Seeks SEC Trial Postponement Amid Extradition Challenges

r/CryptoCurrencySee Post

GBTC is a bad tax deal

r/CryptoCurrencySee Post

SEC Commissioner Criticizes Delay in Spot Bitcoin ETF Approval — 'We Squandered a Decade of Opportunities'

r/BitcoinSee Post

I now never recommend buying Bitcoin.

r/BitcoinSee Post

Which segment of Bitcoin holders are creating the massive selloff going on right now? Any guesses?

r/CryptoCurrencySee Post

Which segment of Bitcoin holders are creating the massive selloff going on right now? Any guesses?

r/BitcoinSee Post

Theory- the SEC "hack" was an SEO slight of hand

r/BitcoinSee Post

SEC regulations don't require apot etf's to disclose transactions with cold wallets or open market opening the door for manipulation of btc price

r/CryptoCurrencySee Post

First on CNBC: CNBC Transcript: SEC Chair Gary Gensler Speaks with CNBC’s “Squawk Box” Today

r/CryptoCurrencySee Post

current sec regulations on btc spot etf doesn't cover reporting buying/selling on open market or cold wallets opening the door for manipulation of price.

r/CryptoCurrencySee Post

sec regulations on spot etf's doesnt cover transactions being placed on open market or cold wallets opening the door for minipulation.

r/BitcoinSee Post

Sens. Wyden and Lummis demand investigation into SEC's false post on X about spot bitcoin ETFs

r/CryptoCurrencySee Post

Sens. Wyden and Lummis demand investigation into SEC's false post on X about spot bitcoin ETFs

r/BitcoinSee Post

Please help me understand the Bitcion ETFs

r/CryptoCurrencySee Post

Week 7 of My RCP Performance Tracker

r/BitcoinSee Post

Naked Short Selling

r/BitcoinSee Post

SEC Chair Gensler on bitcoin ETF approval: The underlying asset is highly speculative and volatile

r/BitcoinSee Post

Holy shit!!!

r/CryptoMarketsSee Post

CoinShares To Buy Valkyrie Investments’ ETF Unit Following SEC Approval

Mentions

There's been some speculation in the media that the SEC might approve spot ETH ETF 19b-4 filings, which are subject to impending deadlines, but not (at least at this time) S-1 registration statements, which apparently are not subject to any deadline. Can you go over the basics of 19b-4s vs S-1s, what role each have in this process, how this played out with the spot BTC ETFs, whether you expect things to play out similarly here, and the grounds the SEC might have for approving 19b-4s but denying or deferring decision on S-1s?

That's simply not true. Look at the application revisions the SEC asked for yesterday.

Mentions:#SEC

Dude, Bloomberg wipes its ass with your TA. That's not to mention the SEC. How can you claim TA predicted the last 24 hours with a straight face?

Mentions:#SEC

Who needs to hack the SEC when two guys can make a few tweets and convince the market they can see the future?

Mentions:#SEC

The SEC can't delay again, which is why this deadline is the real one. The have to either accept or decline this time

Mentions:#SEC

As far as I’m concerned, SEC has not made an official decision. But CFTC classifies BTC and ETH as commodities.

Mentions:#SEC#BTC#ETH

All the latest news coming out suggesting SEC will move ahead with ETH ETF. Let’s see

Mentions:#SEC#ETH#ETF

“Standard chartered bank says it expects SEC to approve spot ETH ETFs this week” hahahahhahahahaha

Mentions:#SEC#ETH

Which hedge fund is that please? I mean rn i wouldnt say SEC is being unfair or trying to hold people down etc. At end of the day, btc is still a risky investment. Its wise to be cautious. So certain exchanges allow btc shorting. Are those exchanges regulated at all by any entity? i mean say, i invested and lost and now owed kucoin billions. What stops them from sending people out to break my legs since i didnt pay them? I mean Binance fled china, then went to Japan and now are based in Malta. So clearly, binance doesnt answer to anyone.....

Mentions:#SEC

This doesnt suprise me . America has had a lot of bad exchanges in the past . It must suck having a SEC that fiesnt allow leverage , derivatives or shorting . They let the hedge funds do in , why not the people ! I wouldnt short bitcoin against any fiat , but its nice to have the option , without defi risk.

Mentions:#SEC

I think we're witnessing a politically motivated 180 from the SEC and Biden administration ahead of the election. It's not just about BlackRock. They don't even have a deadline this week. It's about the whole industry at this point.

Mentions:#SEC

There were reports yesterday that the SEC had asked spot ETH ETF applicants to submit updated applications by this morning (May 21). Can you confirm Bitwise received such a request in connection with its application? What changes or updates did the SEC request you make to your application? Do you believe this SEC outreach means the ETFs are now likely to granted? Is it possible this SEC move is motivated by a desire to bolster a denial of the ETFs, such as by obtaining information from applicants that the SEC might believe supports denial? If your spot ETH ETF application is denied, do you plan to file a lawsuit against the SEC to reverse that decision? Do you support Consensys's lawsuit against the SEC seeking a declaration that ETH is not a security? Do you believe that lawsuit has merit? Does Bitwise plan to pursue spot ETFs that hold cryptocurrencies other than BTC / ETH and, if so, which cryptocurrencies are you eyeing?

Especially as the SEC have filed a wells notice to Consensys, indicating they are being investigated - including accusations that ETH is a security. That is incompatible with ETF approvals. If I’m being cynical, folks realise this and so are trying to get one more pump out of ETH before the SEC smash down the hammer. Plus this is just some analysis/ speculation by some guys. Them claiming the odds are now 75% isn’t exactly scientific.

Mentions:#SEC#ETH#ETF

So much optimism based on one analysis. The SEC have submitted a wells notice to Consensys, which indicates they are likely to file a lawsuit against them. As part of that, they are going to claim ETH is a security. That is incompatible with approving ETFs. My conspiratorial hat is saying that this is all just a manipulation to get one final pump before the SEC smashes down the hammer.

Mentions:#SEC#ETH

From what I read the SEC is asking exchanges that sell ETH to update their 19b-4 filings in a hurry which makes the ETF approval more likely as it is related to exchange rule changes.

Mentions:#SEC#ETH#ETF

What are the chances of the SEC also reverting back to classifying ETH as a commodity instead of a security? Is that playing a role in this, or is there no overlap here?

Mentions:#SEC#ETH

SEC will highly likely approve the ETH ETF due to the fact Crypto has become political. Since Biden is desperate for votes 🗳️ Biden is probably leaning into a pro crypto stance in hopes to gain voters that are pro crypto.

Mentions:#SEC#ETH#ETF

> The SEC already specifically states both Bitcoin and ETH aren't securities. No, they don't.

Mentions:#SEC#ETH

Approving a shitcoin ETF when Gensler is still SEC Chairman - Get a life !

Mentions:#ETF#SEC

The SEC already specifically states both Bitcoin and ETH aren't securities. Does not apply to any tokens built on ETH.

Mentions:#SEC#ETH

this ETH pump has short legs, SEC hates ETH and the fact that they didn't rejected the ETF outright means nothing... rally will fizzle in a week and will give back all gains. there was a nice alt rally underway, this just screwed it.😐

Mentions:#ETH#SEC#ETF

You've got crypto people thinking the ETH spot ETF is unlikely. This leaves one of 2 options 1. This is a hustle. A pump and dump 2. SEC be all like, you know what, we tried. Fuck it approve approve.

Mentions:#ETH#ETF#SEC

Interesting theory I just read about the ETH ETF filings. The theory is The SEC was looking to avoid blunders that occurred with the Bitcoin ETF “hacked” Twitter account or early approval announcements outside of The SEC. So they were much less open this time around or delayed their requests for file submissions until much closer to the approval date. Likely not true, but still interesting to theory nonetheless.

Mentions:#ETH#ETF#SEC

Yeah, or someone has some juicy insider info from the SEC... Just like they had a backdoor into inflation data (bastards!): https://www.nytimes.com/2024/04/05/business/economy/labor-statistics-super-users.html

Mentions:#SEC

SEC ASKS FOR TASTEFUL, WELL-DONE NUDES. Source: My DMs

Mentions:#SEC#NUDES

guess biden made a phone call to the SEC after he realized how dumb he's being

Mentions:#SEC

Could this mean that the SEC is also considering not classifying ETH as a security?

Mentions:#SEC#ETH

My guess was around December or later. One theory is that Biden realized Warren's anti-crypto crusade isn't popular with the masses (aka voters) and now he signaled the SEC to stop the silly delay games. Not sure how plausible this is. Or maybe Gary is just tired of losing lawsuits.

Mentions:#SEC

You guys ever speculate if all of this is a fabricated. Like the fight with the SEC, the narrative, it always being in the news? What's it really do. it puts eyes on crypto. What's the ultimate plan? Probably to have the SEC lose eventually. It's like the good fight against the bad guys, regular people love buying stories, meanwhile the majority of the Ethereum is already in institutional hands who will be more than happy to sell it back to the people chasing it once it has ran up substantially

Mentions:#SEC

SEC filing showed above expectations for institutional adoption.

Mentions:#SEC

SEC filings showed tonnes of funds with holding BTC including a billion $ position by a fund that said they are looking at 5x that position size. The institution adoption is making people have to re-evaluate in other funds and family offices.

Mentions:#SEC#BTC

Rumors about the SEC flip-flopping on the Eth ETF are what fueled the surge. I'm sure the AI chart tea-leaf reader predicted the news.

Mentions:#SEC#ETF

Nancy and Gary/SEC sitting in a tree K..I...S...S and y'all finish the song.

Mentions:#SEC

[Eric Balchunas](https://x.com/EricBalchunas)[u/EricBalchunas](https://x.com/EricBalchunas)·[34m](https://x.com/EricBalchunas/status/1792692379377656074)The Eethness Stakes is pretty good. Nice look at all the entrants dealing w this fire drill. Hearing the SEC wants revised 19b-4s returned to them by 10am tmrw morning (based on a bunch of comments they just received today) for likely approval as soon as Wed.

Mentions:#SEC

Kraken bent the knee to the SEC. There is nothing awesome about that.

Mentions:#SEC

#Ethereum Con-Arguments Below is an argument written by lj26ft which won 3rd place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum is being shown favoritism and privilege by US regulators. This is the biggest con for Ethereum. Early promoters of Ethereum approached and worked closely with the SEC to shield it from any securities laws. The arguments used by the SEC in the Ripple case can be more easily applied to Ethereum. > > Why does Ethereum get a free pass from creating a securities offering? Because Joe Lubin started the Brooklyn project before Ethereum even launched. There's multiple threads on this very sub that shows they sold it to more than just developers. I find the hypocrisy and corruption to be the biggest con argument for Ethereum. It's being chosen by the incumbent system as the only standard for web3 so far. I don't think Ethereum would be as highly valued or trusted if it didn't have carte blanche on illegal fundraising/ hosting tens of thousands of illegal securities offerings. > > The market needs to be a level playing field and right now it's heavily tilted towards Ethereum because of financial interests of early promoters, conflicts of interests from US regulators and their financial interests in Ethereum. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuid7/top_coins_ethereum_conarguments_july_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cw263z/daily_crypto_discussion_may_20_2024_gmt0/).

Mentions:#SEC

I think it gets approved but with similar policies/rules as the BTC approval- the most important rule to the SEC is cash-only redemption- they are trying to control price like they did with gold by using Coinbase as the custodian. (Theres no transparency of holdings like there should be - bar one etf which i think is Bitwise) I see one last cycle before they try to pump the brakes on the industry as a whole.. but it will be harder for them to contain over time due to self custody being easier than gold.

Mentions:#BTC#SEC

What's being referenced in this article is admittedly hearsay. However, since they put this out and cautioned that they would go higher than 75% until they saw hard evidence from updated filings, the SEC has officially requested institutions seeking ETF approval to update their filings: [https://www.theblock.co/post/295524/us-sec-is-asking-for-amended-19b-4-filings-for-spot-ethereum-etfs-reports](https://www.theblock.co/post/295524/us-sec-is-asking-for-amended-19b-4-filings-for-spot-ethereum-etfs-reports)

Mentions:#SEC#ETF

I'm against it because of the scope. Say you're making a video game and the game has an auction site or an in game currency. Suddenly you have to get SEC approval for your video game? The bill is far too broad reaching. Then there is an overall philosophical trend that is deep rooted in US culture I'm not for. In the US there is a 'rules' based culture. You can see it easiest with parents and schools putting rules on kids. To politicians we're like kids and it's their job to keep us safe by putting rules on this. (I know this because I grew up in lawyer / political community around politicians. It's not conscious, but it's there.) If you study psychology, especially childhood psychology, you'll learn how you treat people determines how they act. This is especially apparent for prisoners and children, but it also applies to the general populous. Not everyone will act like how you treat them, but the average person will. When you put rules on children (and adults) you're treating them as if they are immature and not responsible. This creates a culture of immaturity. Today adults act like children far more than they did 100 years ago. Today we've got Karen's making demands at McDonald's and other facilities, which are adults acting like they're 6 years old. The problem with this law is follows this trend of encouraging adults to act like children. Children today are less mature too due to adults putting rules on them as well. Excessive immaturity encourages people to act similar to the movie Idiocracy. It's a huge problem when the populous can't function correctly. It creates a toxic culture filled with psychological disorders, mostly anxiety and depression. People aren't happy and are hurting. This leads to mass shootings and all sorts of other junk. The solution to this problem is to go back to the informed consumer model the US once had. Instead of banning alt coins there should be a required warning on them, the same way there is a warning label on a cigarette container. The Truth campaign that got people to stop smoking is a fantastic example of this. Inform people the honest truth and let them make informed decisions. This increases maturity. And for the right, it does have social darwinism in it. Too stupid? It's your own fault. We shouldn't be nannying or coddling the lowest common detonator at the expense of everyone else. Our own inclusive values is hurting the larger group. For the left, it means well, but it should rely more on studies to figure out optimal behavior instead of making assumptions of what is best for everyone. "The road to hell is paved with good intentions." Both sides need to realize this.

Mentions:#SEC

#Ethereum Con-Arguments Below is an argument written by lj26ft which won 3rd place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum is being shown favoritism and privilege by US regulators. This is the biggest con for Ethereum. Early promoters of Ethereum approached and worked closely with the SEC to shield it from any securities laws. The arguments used by the SEC in the Ripple case can be more easily applied to Ethereum. > > Why does Ethereum get a free pass from creating a securities offering? Because Joe Lubin started the Brooklyn project before Ethereum even launched. There's multiple threads on this very sub that shows they sold it to more than just developers. I find the hypocrisy and corruption to be the biggest con argument for Ethereum. It's being chosen by the incumbent system as the only standard for web3 so far. I don't think Ethereum would be as highly valued or trusted if it didn't have carte blanche on illegal fundraising/ hosting tens of thousands of illegal securities offerings. > > The market needs to be a level playing field and right now it's heavily tilted towards Ethereum because of financial interests of early promoters, conflicts of interests from US regulators and their financial interests in Ethereum. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuid7/top_coins_ethereum_conarguments_july_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cw263z/daily_crypto_discussion_may_20_2024_gmt0/).

Mentions:#SEC

Thanks. I saw the JP Morgan headline and not the SEC moves.

Mentions:#JP#SEC

It's likely simply base on sentiment, if sentiment is overwhelming bearish, then they will send some good news, if sentiment turn too bullish, they will decline the etf etf and they call up their friends and family to buy the dip before the blackrock deadline so they could pump it up again. SEC will probably see less and less budget and they need money somewhere.

Mentions:#SEC

If they are rejected, and the SEC instead claims ETH is a security, things could get pretty bad

Mentions:#SEC#ETH

You can bet the SEC and blackrock were asking their family members to buy eth non stop for the past few weeks, if the sentiment get too bullish for approval like polymarket betting near 100% approval within the next day, they will decline the eth etf and send more wells notice so they could make even more money trading it in the near future.

Mentions:#SEC

Agreed, i read the SEC documents on it a few ago detailing what they had been doing. It is insane to me that anyone still holds it.

Mentions:#SEC

There has been activities with the SEC asking the exchanges to update their 19B-4 filings. That’s pretty concrete. It’s not 100% but a good start to the week.

Mentions:#SEC

How will that work when the SEC are about to file a lawsuit against Consensys, claiming ETH is a security?

Mentions:#SEC#ETH

SEC needlessly fumes about all sorts of silly things. If only they would do something like stop fraud.

Mentions:#SEC

I agree and really, really hope we see an approval. But I was just saying, they could deny for now without affecting Blackrock's application - meaning Blackrock having applied doesn't change much for the upcoming application deadlines. The SEC gonna SEC.

Mentions:#SEC

Jesus Christ, reddit. Not everything is a conspiracy. It's pretty obvious that the SEC didn't want to give crypto that run up hype again so they just sat on their hands but will likely approve.

Mentions:#SEC

The Blackrock ETF application deadline isn't until later this year (August, IIRC). Many speculated that the SEC would be denying the applications with a May deadline, which would result in lawsuits and the eventual approval of all ETH ETFs later this year. That can still all happen without Blackrock's application being denied.

Mentions:#ETF#SEC#ETH

> SEC ASKS EXCHANGES TO UPDATE 19B-4 FILINGS ON AN ACCELERATED BASIS FOR SPOT ETHER ETFS: COINDESK Source: DB | Coins: ETH

> SEC ASKS EXCHANGES TO UPDATE 19B-4 FILINGS ON AN ACCELERATED BASIS FOR SPOT ETHER ETFS: COINDESK Source: DB | Coins: ETH

The Bloomberg guys (Eric and Jeff) are very vocal about WHY they had such low odds. Which then made it very easy for that info to be kept quiet this time around. In short their argument was with the BTC ETH we had heard X by A, Y by B, Z by C and this time we have heard nothing. All very logical, but at the same time the SEC were fuming about how telegraphed the BTC ETF was and have obviously sought to change that.

Not even if the SEC loses the case? What happens in that scenario then? They can’t legally claim Eth is a security and yet won’t allow it to be listed? How does that make any sense.

Mentions:#SEC

It won't happen with the current chair of SEC.

Mentions:#SEC

tldr; Ether (ETH) experienced a significant price increase of over 10% after Bloomberg ETF analysts James Seyffart and Eric Balchunas raised their odds of the U.S. Securities and Exchange Commission (SEC) approving spot ETH ETFs from 25% to 75%. This adjustment was based on information suggesting the SEC might reverse its previous stance on the matter, which is becoming increasingly political. The news also positively impacted Bitcoin (BTC), which saw a more than 5% increase, approaching the $70,000 mark. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[Eric Balchunas](https://x.com/EricBalchunas)[u/EricBalchunas](https://x.com/EricBalchunas)Update: [@JSeyff](https://x.com/JSeyff) and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they'd be denied). See Nate's tweet below for probably order of events (but again we capping at 75% until we see more, eg filing updates)

Mentions:#ETF#SEC

My phone's been blowing up with alerts! *"Bitcoin just crossed $68000"* *"Bitcoin just crossed $69000"* *"Bitcoin just crossed $70000"* All in under 3 hours. Did the SEC just dissolve or something?! 😂

Mentions:#SEC

What is the next step after the ETF rejection which is pretty likely? Does ETH being declared a security change the outlook of the spot ETH ETF? Is staked ETH treated differently in the eyes of SEC?

Mentions:#ETF#ETH#SEC

It likely will not, SEC considers it a security and considering they had to be dragged kicking and screaming for Bitcoin to be approved which was obviously not a security. It’ll be harder for ETH, would be a nice surprise tho.

Mentions:#SEC#ETH

Why hold an Alt when you can just buy Bitcoin with no risk? If the SEC deems ETH a security it will not matter if ETH had not been bleeding to Bitcoin, it is going to $0.

Mentions:#SEC#ETH

Does anyone know the exact time the SEC needs to make a decision before?

Mentions:#SEC

The price HAS MOVED from Jan - NOW because of these purchases. lol This is all HISTORICAL information based on SEC requirements.

Mentions:#SEC

Judge Analisa Torres in that case will no doubt wait for this Vote outcome from Congress next week, before making her Judgement Ruling on the SEC / Gary Gensler versus Ripple / XRP case ....or am I wrong for deducing this possible future chain of events ?

Mentions:#SEC#XRP

People involved around the ETF have already stated that the SEC has not been asking for meetings and information that would normally occur in the months prior to an approval. Regardless of anyone's opinion on the subject that's the best indicator that this will not be approved.

Mentions:#ETF#SEC

“After the news of the favorable vote by the US House Representatives, the White House addressed the matter. According to the statement, Biden’s administration “strongly opposes” the resolution’s passage. The president considers the bill “disruptive” against the SEC’s “work to protect investors in crypto-asset markets and to safeguard the broader financial system.” Moreover, the statement claims that the SEC’s ability to ensure appropriate regulations in the future could be “constrained” by invoking the Congressional Review Act. The White House considers that “limiting” the SEC’s ability to regulate digital assets “would introduce substantial financial instability and market uncertainty.” Ultimately, the statement affirms that President Biden would veto the resolution if passed by the Senate. “ This was his stance until he found out that it could cost him the election. Now hes trying to back peddle.

Mentions:#SEC

This is a warning to the SEC, hoping that they can reflect on their behavior.

Mentions:#SEC

Next week, House lawmakers will vote on the Financial Innovation and Technology for the 21st Century Act, known as Fit21, which would promote the Commodity Futures Trading Commission (CFTC) to a major crypto regulator and carve out which areas of the bitcoin and crypto market are overseen by the Securities and Exchange Commission (SEC).

Mentions:#SEC

#Ethereum Con-Arguments Below is an argument written by lj26ft which won 3rd place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum is being shown favoritism and privilege by US regulators. This is the biggest con for Ethereum. Early promoters of Ethereum approached and worked closely with the SEC to shield it from any securities laws. The arguments used by the SEC in the Ripple case can be more easily applied to Ethereum. > > Why does Ethereum get a free pass from creating a securities offering? Because Joe Lubin started the Brooklyn project before Ethereum even launched. There's multiple threads on this very sub that shows they sold it to more than just developers. I find the hypocrisy and corruption to be the biggest con argument for Ethereum. It's being chosen by the incumbent system as the only standard for web3 so far. I don't think Ethereum would be as highly valued or trusted if it didn't have carte blanche on illegal fundraising/ hosting tens of thousands of illegal securities offerings. > > The market needs to be a level playing field and right now it's heavily tilted towards Ethereum because of financial interests of early promoters, conflicts of interests from US regulators and their financial interests in Ethereum. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuid7/top_coins_ethereum_conarguments_july_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cvaygf/daily_crypto_discussion_may_19_2024_gmt0/).

Mentions:#SEC

tldr; U.S. lawmakers are set to vote on the Financial Innovation and Technology for the 21st Century Act (Fit21), which aims to establish the Commodity Futures Trading Commission (CFTC) as a major regulator for cryptocurrencies, delineate regulatory responsibilities between the CFTC and the Securities and Exchange Commission (SEC), and introduce consumer protections for cryptocurrency custody and bankruptcy treatment. This legislation is considered crucial for the future of the U.S. cryptocurrency industry, with major crypto companies and organizations advocating for its passage to foster financial inclusion, protect national security, and maintain U.S. leadership in financial innovation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#SEC#DYOR

seatoshi (satoshi) captain sats SS sats nakamotorboat block reward 21 million 21 mill hash rate SE sea (SEC) boat coin Btw all jokes aside, you should not draw attention to your crypto/btc holdings using relatable names. Not safe.

Mentions:#SEC

Do you think the SEC will get sued again if they reject the ETH ETF?

Mentions:#SEC#ETH#ETF

I don’t think you understand the SEC guidance, and I don’t have time to explain it to you.

Mentions:#SEC

tldr; Coinbase research suggests that a spot Ethereum (ETH) ETF could be approved sooner than expected, citing the SEC's rationale used for Bitcoin ETFs as applicable to Ethereum. They highlight the strong correlation between spot and futures markets for both BTC and ETH, suggesting this could lead to an ETH ETF approval. Despite low market expectations, Coinbase believes there's a 30-40% chance of approval by May 31, 2024, and notes that political considerations and potential litigation could influence the SEC's decision. They also mention that not all ETH ETF applications need simultaneous approval. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

tldr; The U.S. Senate passed a Congressional Review Act to review SEC Staff Accounting Bulletin No. 121 (SAB 121) with significant bipartisan support, indicating a shift in political sentiment towards crypto regulation. Despite President Biden's initial threat to veto the resolution, the strong bipartisan support and potential political implications, including pressure from the banking sector and a pro-crypto stance from Donald Trump, may influence the Biden administration to reconsider its position. The SEC could also decide to remove SAB 121, avoiding a presidential veto and resolving the controversy without legislative conflict. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#SEC#DYOR

#Bitcoin Pro-Arguments Below is an argument written by a deleted user which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **First-Mover Advantage and The Network Effect** > > Bitcoin is currently the most popular cryptocurrency and market cap leader by a long shot. The [Bitcoin dominance chart](https://www.coingecko.com/en/global-charts) shows that Bitcoin represents 60% of the entire cryptocurrency market cap. This has increased from 40% in 2020. > > Bitcoin is the **gateway**. People start out with Bitcoin before checking out other cryptocurrencies. They're likely going to keep holding any Bitcoin they bought along the way. > > People will flock to whichever product has the largest user base. For half a decade, Bitcoin was almost synonymous with cryptocurrency. The Network Effect creates a **positive feedback loop** and makes Bitcoin's lead grow even more. > > If Bitcoin, Bitcoin Cash, and Litecoin were all released simultaneously, Bitcoin would lose to its PoW competitors because its competitors have cheaper fees with higher throughput. But the reality is that Bitcoin's first-mover advantage gave it such a huge head start that the others can't catch up. > > **Has the largest block reward for security** > > Due to its high price, Bitcoin has a huge [block reward of 6.5 BTC](https://www.coingecko.com/en/coins/bitcoin/bitcoin-halving) (halves every 4 years) or ~$180k per block. This gives it the security lead because its block reward is so much bigger than other PoW cryptocurrencies, which attracts more miners. > > **Anti-censorship** > > Bitcoin provides partial censorship-resistance against sanctions and totalitarian government restrictions. It's much harder to prevent Bitcoin transactions than it is to prevent financial transactions at a centralized bank. [Legal sex workers](https://www.theverge.com/2021/8/24/22639356/onlyfans-ceo-tim-stokely-sexually-explicit-content-ban-banks) (e.g. Onlyfans) and [marijuana industries](https://www.leadingretirement.com/blog/cannabis-banking) are blocked from using traditional financial services due to social stigma. Even though they can operate legally, many TradFi banks avoid operating with them. Bitcoin provides those workers a way to transfer funds around that censorship. > > **Avoids Hyperinflation**: As long as governments keep causing high inflation through money-printing, people will run to Bitcoin for safety, which pumps up Bitcoin's price. > > **Considered a commodity by both SEC and CFTC**: Bitcoin is the only cryptocurrency that both the SEC and CFTC have openly agreed is a commodity. And the CFTC is much less lawsuit-happy than the SEC. > > **Legal tender**: El Salvador has shown (despite some technical mishaps) that Bitcoin can be successfully used as legal tender for a country. > > **Ordinals provide utility** > > Even though Bitcoin Maxis hate Ordinals, this new protocol gives utility to Bitcoin and adds demand. NFT bros are using it as an **on-chain data storage layer** for their own blockchains (e.g. Ethereum, Stack). This has an advantage over IPFS since IPFS is stored in centralized databases instead of on-chain. > > This generates more fees for Bitcoin miners. Transaction fees have finally [risen to ~20 sats/vByte](https://mempool.space/graphs/mempool) on days with high Ordinals activity like Mar 22-24. This gives hope that there may be sufficient demand for Bitcoin as an on-chain data-storage layer even after the block subsidy eventually disappears due to halvings. > > **Pseudonymous**: Bitcoin's UTXO transactions can provide moderately-high levels of obscurity. A single wallet can produce a near-unlimited amount of addresses, and there's no way to link them unless they interact with each other. It's much harder to trace UTXO-based wallets than Account-based wallets because the former creates new UTXO addresses with each transaction while Account-based blockchain wallets typically reuse the same account. > > **Lightning transactions are near-instant and cheap** > > As long as you're spending small amounts of Bitcoin, you can use the Lightning network to make near-instant, sub-$0.01 transactions. Many Lightning nodes for merchants are connected to 3rd-party services that convert between cash and Lightning, making it easy to transfer Bitcoins. Consumers usually don't have to care about rebalancing issues since they're only spending small amounts. > > And the [total capacity of the Lightning Network](https://bitcoinvisuals.com/ln-capacity) in BTC keeps increasing steadily. > > **Cannot be counterfeited**: Cash can be counterfeited, but you can't fake Lightning transactions. Merchants have to deal with counterfeit cash in many markets around the world. > > **Bitcoin has a very strong community of die-hard supporters** > > A huge portion of Bitcoin supporters have become Bitcoin Maxis who will keep spreading their arguments, regardless of accuracy. Because Bitcoin is a gateway cryptocurrency, crypto newbies will encounter it first and gobble up these narratives because they don't have the experience to know their flaws. And they're very convincing when you keep repeating them in an echo chamber: > > * Maximum supply cap of 21M BTC vs Fed's money printer > * Amazing past-performance gains vs fiat > * Works as Store of Value (despite volatility) > * Had a "fair launch" without an ICO > * Is not a risky altcoin > * Is decentralized (based on largest number of miners) > * Has instant payments via the Lightning Network > > **Ultimately, people are mainly using crypto for speculative investing and long-term Store of Value. Most people don't care about technology, Defi, or utility. Thus Bitcoin is sufficient for their investment needs.** > > And since cryptocurrency value is largely based on a Keynesian Beauty Contest (i.e. you buy not based on your own value, but on what you think others are going to buy), people are going to keep buying Bitcoin as long as the investment narrative holds. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7vq/top_coins_bitcoin_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

Mentions:#BTC#SEC#NFT

#Bitcoin Pro-Arguments Below is an argument written by a deleted user which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **First-Mover Advantage and The Network Effect** > > Bitcoin is currently the most popular cryptocurrency and market cap leader by a long shot. The [Bitcoin dominance chart](https://www.coingecko.com/en/global-charts) shows that Bitcoin represents 60% of the entire cryptocurrency market cap. This has increased from 40% in 2020. > > Bitcoin is the **gateway**. People start out with Bitcoin before checking out other cryptocurrencies. They're likely going to keep holding any Bitcoin they bought along the way. > > People will flock to whichever product has the largest user base. For half a decade, Bitcoin was almost synonymous with cryptocurrency. The Network Effect creates a **positive feedback loop** and makes Bitcoin's lead grow even more. > > If Bitcoin, Bitcoin Cash, and Litecoin were all released simultaneously, Bitcoin would lose to its PoW competitors because its competitors have cheaper fees with higher throughput. But the reality is that Bitcoin's first-mover advantage gave it such a huge head start that the others can't catch up. > > **Has the largest block reward for security** > > Due to its high price, Bitcoin has a huge [block reward of 6.5 BTC](https://www.coingecko.com/en/coins/bitcoin/bitcoin-halving) (halves every 4 years) or ~$180k per block. This gives it the security lead because its block reward is so much bigger than other PoW cryptocurrencies, which attracts more miners. > > **Anti-censorship** > > Bitcoin provides partial censorship-resistance against sanctions and totalitarian government restrictions. It's much harder to prevent Bitcoin transactions than it is to prevent financial transactions at a centralized bank. [Legal sex workers](https://www.theverge.com/2021/8/24/22639356/onlyfans-ceo-tim-stokely-sexually-explicit-content-ban-banks) (e.g. Onlyfans) and [marijuana industries](https://www.leadingretirement.com/blog/cannabis-banking) are blocked from using traditional financial services due to social stigma. Even though they can operate legally, many TradFi banks avoid operating with them. Bitcoin provides those workers a way to transfer funds around that censorship. > > **Avoids Hyperinflation**: As long as governments keep causing high inflation through money-printing, people will run to Bitcoin for safety, which pumps up Bitcoin's price. > > **Considered a commodity by both SEC and CFTC**: Bitcoin is the only cryptocurrency that both the SEC and CFTC have openly agreed is a commodity. And the CFTC is much less lawsuit-happy than the SEC. > > **Legal tender**: El Salvador has shown (despite some technical mishaps) that Bitcoin can be successfully used as legal tender for a country. > > **Ordinals provide utility** > > Even though Bitcoin Maxis hate Ordinals, this new protocol gives utility to Bitcoin and adds demand. NFT bros are using it as an **on-chain data storage layer** for their own blockchains (e.g. Ethereum, Stack). This has an advantage over IPFS since IPFS is stored in centralized databases instead of on-chain. > > This generates more fees for Bitcoin miners. Transaction fees have finally [risen to ~20 sats/vByte](https://mempool.space/graphs/mempool) on days with high Ordinals activity like Mar 22-24. This gives hope that there may be sufficient demand for Bitcoin as an on-chain data-storage layer even after the block subsidy eventually disappears due to halvings. > > **Pseudonymous**: Bitcoin's UTXO transactions can provide moderately-high levels of obscurity. A single wallet can produce a near-unlimited amount of addresses, and there's no way to link them unless they interact with each other. It's much harder to trace UTXO-based wallets than Account-based wallets because the former creates new UTXO addresses with each transaction while Account-based blockchain wallets typically reuse the same account. > > **Lightning transactions are near-instant and cheap** > > As long as you're spending small amounts of Bitcoin, you can use the Lightning network to make near-instant, sub-$0.01 transactions. Many Lightning nodes for merchants are connected to 3rd-party services that convert between cash and Lightning, making it easy to transfer Bitcoins. Consumers usually don't have to care about rebalancing issues since they're only spending small amounts. > > And the [total capacity of the Lightning Network](https://bitcoinvisuals.com/ln-capacity) in BTC keeps increasing steadily. > > **Cannot be counterfeited**: Cash can be counterfeited, but you can't fake Lightning transactions. Merchants have to deal with counterfeit cash in many markets around the world. > > **Bitcoin has a very strong community of die-hard supporters** > > A huge portion of Bitcoin supporters have become Bitcoin Maxis who will keep spreading their arguments, regardless of accuracy. Because Bitcoin is a gateway cryptocurrency, crypto newbies will encounter it first and gobble up these narratives because they don't have the experience to know their flaws. And they're very convincing when you keep repeating them in an echo chamber: > > * Maximum supply cap of 21M BTC vs Fed's money printer > * Amazing past-performance gains vs fiat > * Works as Store of Value (despite volatility) > * Had a "fair launch" without an ICO > * Is not a risky altcoin > * Is decentralized (based on largest number of miners) > * Has instant payments via the Lightning Network > > **Ultimately, people are mainly using crypto for speculative investing and long-term Store of Value. Most people don't care about technology, Defi, or utility. Thus Bitcoin is sufficient for their investment needs.** > > And since cryptocurrency value is largely based on a Keynesian Beauty Contest (i.e. you buy not based on your own value, but on what you think others are going to buy), people are going to keep buying Bitcoin as long as the investment narrative holds. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7vq/top_coins_bitcoin_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

Mentions:#BTC#SEC#NFT

It is helpful for cryptocurrencies by freeing them from SEC and most cryptocurrencies will be classified as digital commodities because of their inherent charactristics. So all cryptofans will celebrate if this passes legislation.

Mentions:#SEC

Google MEV, transaction ordering, & sandwich attacks. The validators who produce the ethereum blocks can order transactions in a certain way that allows them to profit from the upfront knowledge of incoming transactions & the inefficiencies of the market. This happens in just about every block and in just about every blockchain that has enough activity. They ordered transactions in a way that completed the user requests and at the same time allowed them to profit off of the transactions. For example, buying things before others knowing they want them and then selling to them at a higher price. So it’s not really stealing. It is allowable on-chain and even a core product for some protocols (although debated whether it’s good or not), but by the SEC’s standards is sandwiching and not allowed in order to protect users.

Mentions:#MEV#SEC

This is so misleading. It was done through MEV which up until this, has just been a part of the on-chain economy, and noone has every been prosecuted for it. It wasn’t fraudulent, anyone is able to do this as the chain permits it. But technically sandwiching is something the SEC does go after. Wait until they find out about all the others that have been doing it, continue to do it, and the protocols that have this as a core feature/product.

Mentions:#MEV#SEC

Ethereum is a centralized project that first began with a massive 72 million ETH premine. Ethereum launched with 12 million ETH that was given to the developers and an additional 60 million ETH that they sold for BTC as a part of its "initial coin offering" during the presale. The Ethereum developers purposely misled investors by suggesting that there was merely a 12 million ETH premine and ignoring the 60 mi llion ETH that they sold during the presale, misleading total supply graphs in their prospectus. This is a serious concern and in due time we should expect the SEC to go after Ethereum developers and the Ethereum Foundation for creating and sell