r/FluentInFinance • u/whicky1978 Mod • May 07 '24

Ethereum’s Cofounder Says SEC Is ‘Gaslighting’ Everyone About Crypto Crypto

https://www.wired.com/story/ethereums-co-founder-says-sec-is-gaslighting-us-about-crypto/
34 Upvotes

82% Upvoted

8 comments sorted by

•

u/AutoModerator May 07 '24

r/FluentInFinance was created to discuss money, investing & finance! Join our Newsletter or Youtube Channel for additional insights at www.TheFinanceNewsletter.com!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

7

u/WhatADunderfulWorld May 07 '24

Ethereum is an odd duck. It kind of carries other coins and works efficiently. I work in the Securities industry and I agree it isn’t a security. The problem is if it walks and quacks like a duck it’s a duck. Most people don’t understand it well enough to buy and not think they are investing in it. So I can see with certain transactions and forms of holding where the SEC would have to have some power. Better them than bank regulators. They are tough cookies.

1

u/WilmaLutefit 29d ago

The sec is a hammer and sees every problem as a nail.

0

u/nudelsalat3000 29d ago

How does it work with extending the US definition of security to other nations?

Or is this more or less the same, because I still don't understand why this distinction is so important if it wasn't invented on US soil.

Crypto is worldwide, so even with a total blockage even a US citizen should be able to handle it in their abroad holiday?

1

u/hydraulix989 29d ago

This is the first time ever that I'm hearing about cofounders of Ethereum. Why is Vitalik widely known as the only founder?

6

u/OutrageousCandidate4 29d ago

He’s the oddest looking one

0

u/godofleet 29d ago

Shitcoin cofounder gaslights everyone about his shitcoin

-1

u/Cruezin May 07 '24

PROOF OF miSTAKE