Lawyer Faults The SEC Over “Inconsistent” Crypto Regulation
11M ago•
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- Ether qualifies as a security based on the classification by Gary Gensler and Joseph Lubin.
- Lubin said buying tokens in large quantities, or speculating qualifies them as securities.
- Gensler said Lubin bought Ether in large quantities to speculate.
According to Steven Neyaroff, an attorney and blockchain pioneer, Ether qualifies as a security based on the classification by Gary Gensler, the SEC chair, and the actions of Joseph Lubin, the co-founder of Ethereum.
Neyaroff used logical analysis of statements made by Lubin and Gensler at separate events to deduce a curious conclusion. According to Neyaroff, Lubin said that buying a particular crypto token in large quantities or speculating on it qualifies such crypto tokens as a security. The blockchain expert also noted Gensler’s comments, where he c…
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11M ago•
bullish:
0
bearish:
0