Bitcoin (BTC) supporter Michael Saylor said that many cryptocurrencies, including the most popular cryptocurrencies such as Ethereum (ETH) and Ripple (XRP), are securities and should be banned.
On a December 5 podcast, Michael Saylor told himself Ripple case When asked what he thinks of Ripple, Solana (SOL), Ethereum and many other cryptocurrencies unregistered securities stated that.
After Saylor stated that XRP is a security issued by a company in Ripple and that the company is not even publicly traded, the server of the US Securities and Exchange Commission (SEC) Why Ethereum and other cryptocurrencies? a move against He asked if he did. Saylor reported that other cryptocurrencies should also be banned on the grounds that they are unregistered securities.
Bank Example for Ethereum
In his take on Ethereum, Saylor argues that a bank takes money from investors and then returns it to them. they may not give or maybe in 2024 they can give back and some of their money that they can lose if investors say securities He stated that they will be aware of what they have received. Referring to this situation Ethereum a claimed to be a security. Saylor, on the other hand, supports Ether’s Ethereum Foundation and a very small shareholder by group that it is managed allegation did.
Reaction from the Crypto Community
On the other hand, the crypto money communities are against Saylor’s rhetoric. Reacted. Bitcoin fanaticism Alongside users claiming to do so, Saylor too simple There were also users who claimed to think so. CryptoLaw founder John Deaton too was among this community.
John Deaton, Saylor from MIT used to determine whether an asset is a security as a graduate rocket scientist Oversimplifying the Howey Test He claimed that Saylor was wrong in his thinking.