Michael Saylor of Bitcoin Maxi said several crypto altcoins such as Ethereum and Ripple would not gain institutional acceptance in the next decade.
MicroStrategy’s Executive Chairman Michael Saylor spoke to attendees at the annual Bitcoin Conference.BTCWall Street regulators see a ‘For Corporations” event “everything down the stack” As unregistered cryptocurrency asset securities.
“You could see the writing on the wall when the spot ETF of Bitcoin was approved in January. By the end of May, you’ll know that Ethereum is not going to be approved, and when Ethereum is not approved this summer, it’ll be very clear to everyone that ETH is deemed a crypto asset security, not a commodity.”
Michael Saylor: MicroStrategy’s Executive Chairman
Saylor Also, other non-Bitcoin currencies like Solana are included.SOLRippleXRPCardanoADAThe same crypto asset category (unregistered) is used for both.
Ethereum crackdown
The comment comes as several Bitcoin ETFs issuers filed similar products based on Ethereum.ETHThe second largest digital asset in crypto is ether. SEC’s response has been to delayed BlackRock Fidelity Grayscale and others have filed several spot ETF filings for ETH.
The U.S. SEC has also been cracking down on Ethereum, and other cryptos, in response to the proponents. argue Tokens such as ETH are not covered by existing securities laws.
Recent news reports have cited a document from a previous year revealed Gary Gensler, the SEC chair has been considering ETH as a security at least since last year.
The adoption of ETH as a cryptocurrency has sparked a surge in interest. proof-of-work Consensus, the SEC sent a Wells notification to key ETH stakeholders like Consensys Defi giants such as Uniswap In an investigation.
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Source: crypto.news
