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Ethereum (ETH) Is Not a Security: SEC Chairman

  • Alex Morris
    📰 News

    💡👀Ethereum investors can sleep well tonight after Jay Clayton confirmed that the second biggest coin is not a security


Ethereum (ETH) Is Not a Security: SEC Chairman
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SEC Chairman Jay Clayton has confirmed the status of Ethereum, the second largest digital asset in the world, claiming that it’s not a security. Clayton was earlier asked to clarify his stance on Ether by Rep. Ted Budd, R-N.C., after SEC Director of Corporation Finance William Hinman voiced a similar opinion back in June.      

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Additional confirmation

Last June, the SEC already made it clear that neither Bitcoin nor Ethereum is a security. The way Bitcoin is sold and marketed is as a utility. In November, Clayton pointed out that decentralization was one of the main factors behind the decision.


Still, even those assets that solely function as a utility can be ‘packaged’ to customers as an investment scheme, which makes them securities, according to the SEC’s Hinman.

Why it matters?

The fact that Ethereum is not considered a security by the US regulatory watchdog is undoubtedly good news for crypto given that investors don’t have to be accredited in order to purchase the aforementioned asset. There is no fear of a looming regulatory crackdown that would force crypto exchanges to drop Ethereum.   

Things are more complex

While Ethereum itself is not considered a security, the SEC has already cracked down on multiple Ethereum-based ICOs. Meanwhile, Ripple is fighting tooth and nail to prove that its token is not a security (the case was shifted to federal court back in December).

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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    📰 News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchange’s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

‘Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,’ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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