The proposal in question calls for the listing and trading of SolidX bitcoin shares, and stems from the VanEck SolidX Bitcoin Trust, which states it will invest in “bitcoin only.”
The SEC’s proclamation that ether (ETH) is not a security has sparked some celebration amongst the cryptocurrency community, but ICO operators shouldn’t see this as a reason to put the champagne on ice.
We are currently in the process of testing important support levels and we need to keep a skeptical eye as monitor the bitcoin market and gage the reaction to these new support tests.
"Based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions."
“People tend to fear what they don’t know. If people sailing the oceans at the time of Columbus had believed the world is flat, we wouldn’t have had the great discoveries of the New World.”
Several venture capitalists (VCs) and entrepreneurs have been petitioning federal authorities to see certain virtual currencies in a “different light."
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