The Implications of Bitfinex’s Insolvency
For those that were able to read the last article, I outlined in some fairly excruciating detail
why I believe that Bitfinex is currently insolvent.
However, what was not covered were the implications of this …
The purpose of this article will not be to give the news that the SEC revealed that they would not deem Ethereum to be a security.
That has already been well-established by multiple outlets.
Instead, however, the purpose of this …
So, this afternoon (GMT-4) around approximately 2 p.m. EST, I decided to do some investigative journalism (hardy har) and call up the SEC. I live in the United States, and I’m familiar with them as an entity.
I figured, why …
Picture Credit: Btcmanager
I can sense there’s probably some ambivalence regarding the decision on Monday that’s to be made regarding Ethereum being a security or not.
“What SEC+CFTC Decision Are You Talking About?”
If you’re wondering what I’m talking about …