SEC Putting Stake In Crypto's Heart

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐀𝐍𝐃 𝐂𝐎𝐈𝐍𝐉𝐎𝐈𝐍:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss the SEC's enforcement action against Kraken's "staking as a service" and what it means for crypto exchanges, as well as for proof-of-stake coins in general.

By moving to proof of stake at the Merge, Ethereum may have inadvertently turned itself into a security.

By contrast, Bitcoin is a digital commodity, not issued by a corporation, foundation, or government.

Holders of shipcoins (unregistered securities) may not sleep well at night, knowing what's coming down the pike from the SEC.

As part of registration, Ethereum will need to disclose all material information related to the project's principals and their holdings, prospects, risks, etc. These disclosures could lead to a rush to the exits by investors once they see the huge amount of self-dealing and probably outright fraud as well.

Not investment advice! Consult a financial advisor.

SEC Coming For Crypto:
https://www.youtube.com/watch?v=_cAHFgabIeY&ab_channel=TraderUniversity

SEC shutting down Kraken's "staking as a service":
https://twitter.com/GaryGensler/status/1623777842000539648
https://www.sec.gov/news/press-release/2023-25

Brian Armstrong sad to be losing staking revenue stream:
https://twitter.com/brian_armstrong/status/1623459203150131201
https://decrypt.co/107662/ethereum-merge-coinbase-staking-jpmorgan

ETH may have shot itself in the foot:
https://www.youtube.com/watch?v=t0VRbQ2njxQ&ab_channel=TraderUniversity

The power of Ethereum devs:
https://decrypt.co/116763/ethereum-devs-staked-eth-withdrawals-shanghai-march-2023

Even Kraken cannot unstake until Shanghai hard fork:
https://blog.kraken.com/post/17619/settlement/

What's So Bad About ETH Being A Security?
https://www.youtube.com/watch?v=UaVMRQSK8mc&ab_channel=TraderUniversity

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#sec
#ethereum
#bitcoin

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.