We learn today that the CFTC Chairman has declared Ethereum to be a commodity. https://twitter.com/TheBlock__/status/1182290736378724353 I think this view is not correct. An Ether token has less in common with soybeans than it does with a share. The market has taken this to mean that the CFTC will be taking point on regulating markets for…
RT @prestonjbyrne: As I’ve written before, if Ethereum were launched from scratch today, given the enforcement action we’ve seen, regulators would likely find it a security.
Intervening in Eth 2.0 is possible but would be unpopular. Which is why it probably won’t happen.
RT @prestonjbyrne: The CFTC Chair declared Ethereum a commodity today, all but driving a stake through the heart of Bitcoiners who had hoped it would be declared a security.
Here's why lawyers shouldn't advise their clients to go out and launch Ethereum 2.0.
RT @stephendpalley: Mr. Byrne cautions that whatever CFTC chair says today, if tomorrow (in the US) you ran a token sale like Ethereum did you would likely "be selling an investment contract" in the eyes of the SEC, which would take a dim view of doing that without full securities law compliance. https://t.co/wuQCmA09F5