The future of Ethereum will be decided on May 7

kitty24 (58)in #bitcoin • 7 years ago

The future of Ethereum will be decided on May 7

The US Securities Exchange Commission (SEC) is keep pressing on Ethereum: the regulator believes that the tokens are classified as securities, as a result, relevant legislation applies to them. The final decision on what to include the Ethereum tokens will be taken on May 7 at a meeting of the SEC and the Commodity Futures Trading Commission (CFTC).

If the regulators decide that the Ethereum tokens relate to securities, this will complicate the work with the site in the US. In addition, the SEC will be able to file a claim against ICO blockchain Ethereum, which took place in 2014. On the other hand, another status of tokens will open up new opportunities for regulation without prohibitions.

When the news of the meeting became known, the Ethereum rate fell slightly, but quickly recovered. In the evening of May 3, the exchange rate for the day increased by 12.81% to $ 763.12. As the course will behave on Monday, May 7, depends on the decision of the US financial regulators.