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Ethereum’s Make or Break Day? SEC & CFTC Meeting Could have Major Crypto Market Impact
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The SEC and CFTC are meeting on May 7th to discuss whether or not ether (Ethereum) is a security, due to it's 2014 pre-sale ICO that raised $18 million. If deemed a security, it would likely be catostrophic for the price of ETH, as well as many other ERC-20 tokens, and even potentially Bitcoin and other Proof of Work coins.
Cointelegraph article on Ether being a security
https://cointelegraph.com/news/it-never-was-a-security-ethereum-under-the-regulatory-spotlight
CoinCenter article "No, no ether is not a security"
https://coincenter.org/entry/no-ether-is-not-a-security
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