Coin Edition -
- Recently, a crypto lawyer mocked the US SEC chairman Gary Gensler.
- Previously, Gensler said staking Ethereum tokens makes it a security investment.
- The crypto lawyer argued that staking involves third parties independent of promoter.
Today, crypto lawyer John Deaton made mocking statements to the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler. Deaton criticized the chairman, saying Gensler would sue even an orange seller if the seller sought additional investment funds from outside investors for their fruit business.
Specifically, the crypto lawyer argued:
Under Gary Gensler’s application of Howey, if an investor took possession of the oranges from his orange grove and worked out a deal with a local grocer to get more money than all the other Howey investors, the orange would still be a security.
Deaton commented while reacting to a tweet that said the chairman of the US SEC considers the act of staking Ethereum token a security contract.
Even worse, when the Grocer sold the
The post Crypto Lawyer Lashes SEC Chairman for Considering ETH Security appeared first on Coin Edition.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.