0xen ๐ŸŽฉ pfp
0xen ๐ŸŽฉ
@0xen
Don't want to interrupt base season but, where's the big brained farcaster thread on the SEC ETH stuff. What does it all mean
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Ivo Entchev pfp
Ivo Entchev
@ivolver
If all we have to go on is that the Ethereum Foundation received a confidential โ€œvoluntaryโ€ inquiry for information from a state regulator, we should not be concluding that EF is necessarily under investigation or subject to a subpoena. Subpoenas are by definition compulsory not voluntary.
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Nico Gallardo ๐Ÿ„ pfp
Nico Gallardo ๐Ÿ„
@nicnode
@jchervinsky please enlighten us ๐Ÿ™
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max ๐ŸŽฉ๐Ÿš‚ pfp
max ๐ŸŽฉ๐Ÿš‚
@baseddesigner.eth
As far as I know: - Blackrock funded their ETH wallet for $100m yesterday - Seems like they want to move stock trading onto blockchain - Some US senators were begging Gary recently to not list ETH ETFs - ETH ETF getting delayed until at least May?!
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nicole pfp
nicole
@nicole
Especially right after the BlackRock announcement, Iโ€™m wondering if these two events are related in some wayโ€ฆ
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m_j_r pfp
m_j_r
@m-j-r.eth
it's just halting action meant to postpone ETF approval due to downstream implications. Arthur Hayes has written a bit on the subject (take it with a grain of salt, though): https://cryptohayes.medium.com/etf-wif-hat-4bf5a5609a61
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โšช๏ธ cooper ๐ŸŽฉ โ†‘ pfp
โšช๏ธ cooper ๐ŸŽฉ โ†‘
@cooperray
theyโ€™re trying to impose their rules fast before they canโ€™t play by their own. pitiful. theyโ€™re scared
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grunt.eth pfp
grunt.eth
@grunt.eth
did eth drop 10% because insiders are front running? or was it just overheated?
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Jake Chervinsky pfp
Jake Chervinsky
@jchervinsky
The SEC has to approve or deny spot ETH ETF applications this year. Reasonable minds differ on the likelihood of approval; I think "low." There's also a Fortune report today about SEC investigating ETH. It's been known for years that Gensler wants to reverse SEC policy and call ETH a security; easier said than done.
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Ripple3037๐ŸŽฉ pfp
Ripple3037๐ŸŽฉ
@ripple3037
We need a breaking news channel
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Metaphorical pfp
Metaphorical
@hyp
It means Blackrock's filling their ETH bags.
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Jovan pfp
Jovan
@jovan
EF received a โ€œvoluntaryโ€ request for information from a โ€œstate authorityโ€. This doesnโ€™t mean the EF itself is under investigation.
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nihilist blues pfp
nihilist blues
@nihilist
SEC ETH stuff has already been priced in. They're just trying to FUD to get us to sell our coin so they can buy for lower.
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Bowtied Wookie ๐ŸŽฉ pfp
Bowtied Wookie ๐ŸŽฉ
@bowtiedwookie
$DEGEN = Good
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helladj pfp
helladj
@helladj
Deceleration
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John pfp
John
@johnl
Strange to me if they are gonna go the "ETH i a security" route is that they just approved the futures ETF a matter of months ago, after Grayscale loss and after ETH switch to POS. The plan is to torch it now? Hard to make rational sense of it.
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trav ๐ŸŽฉ๐Ÿ”ต๐Ÿงพ pfp
trav ๐ŸŽฉ๐Ÿ”ต๐Ÿงพ
@trav
Feds freeze assets. Canโ€™t dump on us.
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@SO๐Ÿนโ›“๏ธ๐ŸŽญ๐ŸŽฉ pfp
@SO๐Ÿนโ›“๏ธ๐ŸŽญ๐ŸŽฉ
@somi1.eth
10 $DEGEN
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