Crypto has a great deal of utility for people as a means of moving money around in a way that cannot be stopped by banks or governments so I don't think that it will disappear, it just might not be used for speculation. That might actually stabilise it a bit.
No one has “ruled” anything. We have no regulational clarity on any of these coins. Thats part of the problem. They are unique assets that fit the definition of neither commodities or securities perfectly. The SEC throws around accusation of coins being securities wildly. But its certainly interesting they've stopped doing so with ETH all the sudden. Thats because they know who is using ETH. And they know they will lose the XRP case.
Crypto has a great deal of utility for people as a means of moving money around in a way that cannot be stopped by banks or governments so I don't think that it will disappear, it just might not be used for speculation. That might actually stabilise it a bit.
ETH is going nowhere. Theres a reason you didnt see it listed as one of the supposed securities that the SEC is alleging
No one has “ruled” anything. We have no regulational clarity on any of these coins. Thats part of the problem. They are unique assets that fit the definition of neither commodities or securities perfectly. The SEC throws around accusation of coins being securities wildly. But its certainly interesting they've stopped doing so with ETH all the sudden. Thats because they know who is using ETH. And they know they will lose the XRP case.