Max Keiser, a prominent Bitcoin advocate and journalist, recently expressed his agreement with the Securities Exchange Commission’s (SEC) stance on cryptocurrencies, excluding Bitcoin. He stressed that all altcoins, including Ethereum (ETH) and Ripple (XRP), are “unregistered securities.” This statement came after a court dismissed Coinbase’s request to throw out an SEC lawsuit against the company. Nonetheless, the court ruled that Coinbase Wallet should be dismissed from the legal challenge of the SEC.
Launched by the SEC last summer, the lawsuit against Coinbase accuses the company of helping in the trading of unregistered securities. The Securities and Exchange Commission argues that most altcoins are securities except Bitcoin (BTC) and formerly Ethereum (ETH), which were categorized as commodities. But, the SEC is reopening the classification of Ethereum, leading to a debate among industry representatives.
Max Keiser Backs SEC View in Coinbase Lawsuit
The continuing legal f
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