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The United States is going to take action to regulate ETH. This time, the United States wants to define ETH as a security. Is it bullish or bearish?

What will it mean if the United States really defines ETH as a security?

Ethereum infrastructure development company ConsenSys posted on social media, "If the U.S. Securities and Exchange Commission (SEC) successfully defines Ethereum as a security, then companies and developers will see years of work go to waste and billions of dollars of economic value destroyed, which may lead to large-scale unemployment of American workers."

In addition, it stated in the article "ConsenSys Sues the U.S. SEC to Protect the U.S. Ethereum Community", "Ethereum is a global computing platform, not an investment plan. Ether is not a security, but a commodity, which has been confirmed many times by the U.S. Commodity Futures Trading Commission (CFTC). Applications that allow people to trade using Ethereum are not securities brokers and therefore cannot be regulated by the U.S. SEC. The illegal expansion of the U.S. SEC's power threatens the United States' position as the leader of the next generation of the Internet."

ConsenSys counterattacks the SEC one by one, why Ethereum is not a security

Ethereum has been scrutinized by the SEC (U.S. Securities and Exchange Commission), which hinted that it will list Ethereum as a security.

The move has sparked controversy, especially since the SEC had made it clear in 2018 that Ethereum did not meet the standards of a security.

In light of these events, blockchain software company ConsenSys has strongly opposed the SEC's decision to classify Ethereum as a security. Here are four reasons:

First, the SEC's historical stance on Ethereum

In 2018, William Hinman, then director of the SEC's Division of Finance, gave an important speech in which he made it clear that Ethereum was not considered a security.

Second, the CFTC's classification of commodities

The CFTC, another US regulator, has always recognized that Ethereum is a commodity. Recently, in a civil enforcement action involving Crypto asset exchange KuCoin, the CFTC explicitly classified Ethereum as a commodity.

Third, it is decentralization and open protocols

The essence of Ethereum's architecture is decentralization. Unlike securities, Ethereum runs on a platform and all information is public.

Fourth, it is irrelevant to the shift in consensus mechanisms

Ethereum's recent transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanisms was listed by the SEC as a potential reason for reclassifying Ethereum.

In short, the SEC's reclassification of Ethereum as a security does not stand up to scrutiny. Especially considering the SEC's historical regulatory approach, the classification of other regulators, the decentralized nature of Ethereum, and the irrelevance of its internal consensus mechanism to securities laws.

What should we do? Is it bullish or bearish?

If this news lands, it will be a long-lasting big bearish.

Reasons for bearishness:

Strengthening regulation: If ETH is defined as a security, it will be subject to stricter securities regulations. This may restrict the free trading of ETH, increase compliance costs and transaction complexity.

Increased market uncertainty: Such decisions may trigger market concerns about future regulatory policies, leading to a decline in investor confidence and possible capital outflows.

Hindered innovation: Strict securities regulation may hinder the pace of innovation and development in the Ethereum ecosystem, as developers may need to spend more time and resources to meet regulatory requirements.

Trading restrictions: After being identified as a security, ETH may only be traded on specific, regulated trading platforms, which will limit its market liquidity and accessibility.

In short, the compliance of the currency circle will definitely come. For the currency circle, don't worry about gains and losses and create anxiety.

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Promoting projects, do not add me if you are involved in Ponzi schemes! I don't touch these things...!
Leaders who profit from Ponzi schemes, every cent you earn is tainted with blood. Every penny you make is exchanged for countless lives lost. That is dirty money...
I only profit from the capital market games; although the capital market can also be brutal, the game of capital does not rely on deceit and trickery. It is a game of mindset, skills, capital, etc. The money earned is clean; when you lose money, it is due to lack of skill, and you lose willingly and acceptingly!

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Brothers, I am ready to sell $300,000. A few days ago, I said that I was ready to invest $300,000 in one coin, and I planned to earn 10 times the principal. I have recently invested in dozens of projects, and I am almost there. I am ready to buy $100,000 first.

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Thank you to Binance for opening an official exclusive group chat for Uncle Shisan. This is not only a recognition of my personal efforts but also a support and feedback to the vast Binance user community.

In this group chat, I will continue to provide everyone with the latest market trends, professional investment advice, and practical trading skills.

At the same time, I also look forward to discussing the future development trends of the blockchain industry with everyone and sharing more valuable content.

I hope everyone can actively participate, learn from each other, and grow together. Once again, thank you to Binance for the trust and support. Let us explore more possibilities together in the world of digital currencies!
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No more pretending, my friend has 20,000 PIs

In January and February this year, Binance liquidated most of its own coins and exchanged them for USDC.
100% means that Binance's own part is 0%
More than 100% means that Binance has some positions,
It can be seen that Binance liquidated ETH, BTC and almost all altcoins in January
It turned out that Binance crashed the market

Why is short selling not cost-effective?

Theoretically,
shorting can earn at most 1 times, but may lose infinitely;

longing can lose at most 1 times, but may earn infinitely.

Although some people refute that since all altcoins in the currency circle have strong gravity (team shipments), short selling is not as bad as imagined.

However, I still rarely short (except for hedging), and the deeper reason is:

Shorting will make people distorted and begin to hate this industry (seeing the dark side will deepen themselves)

Once hatred is over (it will definitely happen), lose faith, and one day you will definitely start to try to short the pie, but the consequences, you know, are terrible.

You need to know:
Humanity will print money forever √
Bitcoin will have an eternal bull market √