long standing Ethereum The debate about whether it is a commodity or a security was brought to court recently.
SEC ETHWhile claiming that ETH is a security, Ethereum development company Consensys recently stated in the lawsuit it filed with the SEC that ETH is not a security.
At this point, while there are many comments about ETH, the last one known for its support for Bitcoin is MicroStrategy founder Michael SaylorAn evaluation came from.
Making surprising statements about Ethereum Saylor claimed that ETH is a security.
Speaking at the MicroStrategy World 2024 conference yesterday, Saylor argued that the largest altcoin is a security, not a commodity.
Michael Saylor went further, stating that the SEC will classify Ethereum as a security this summer and reject spot Ethereum ETFs.
Saylor out of SEC’s ETH BNB, Solana (SOL), Cardano (ADA) and XRP He believes that many altcoins such as will be classified as securities.
“Ethereum should be considered a security, not a commodity. “After ETH, you will see that many altcoins such as BNB, Solana, Ripple, Cardano are also unregistered securities.”
The SEC will not approve any spot ETH ETFs. Ethereum and other altcoins, which are securities, will never be accepted by Wall Street. “None of them will be accepted as cryptocurrencies by mainstream institutional investors.”
After these statements of the famous name BitcoinHe also touched upon and argued that Bitcoin is the only leading cryptocurrency in institutional adoption. Saylor, BTCHe described it as the “single universal” cryptocurrency suitable for institutional-level investments and added that there will be no other cryptocurrency than Bitcoin.
*This is not investment advice.
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