Ethereum Has BAD NEWS!? SEC to Classify As Security? Chico Crypto
Welcome to Watch Crypto! In this video, Chico Crypto talks about - Ethereum Has BAD NEWS!? SEC to Classify As Security? Check out the video above or read the summary below to find out.
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Name of Organizations/companies/persons used in this crypto video
- EIP 1559
- Eric Conner
- BTC Maxi
- Ethereum (ETH)
- Gary Gensler
- Samson Mow
- Jay Clayton
- GAS Fees
- Ethereum Mainnet
- John Wolpert
- ETHAtlanta Hackathon & Keynotes
- Atlanta Tech Park
- Baseline Protocol,
- the Provide stack
- Coke One North America (CONA)
- Howey Test
- BTC Maxipads
- EIP Upgrade
- MEV bots
- Baseline Protocol
- Ethereum mainnet!
- Coke One
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Summary of the whole video
Ethereum London has activated & the burn upgrade deployed into the main Ethereum chain without a hitch. Ethereum is getting destroyed, thrown into the actual Ether to never return!
Initially the news was that Ethereum would dump when the upgrade happened! Well that wasn’t the case, Ethereum actually pumped, and crossed 2800, setting its sights on the fabled $3000 dollar level once again. 21.7 increase in past 7 days.
It is way better when compared with Bitcoin (BTC) which has loss of 1.5 percent. As per RatioGang...Ethereum is still undervalued compared to Bitcoin and it has more activities as compared to dull Bitcoin.
Eric Conner, the actual co-author of the burn upgrade, EIP 1559 tweeted. “The Bitcoin community has gotten so pathetic that they actively beg regulators to classify ETH as a security. This has been going on for years. He shows BTC Maxi’s calling for the SEC. Chairman, Gary Gensler, to classify ETH as a security and Even Samson Mow, CSO of Blockstream tweeted “Tell me your a security without telling me your a security”.
Although the SEC in 2018 said that Ethereum is now decentralized enough, and thus isn’t a security! And Chairman of the SEC, Jay Clayton in 2019...reiterated it!