I hope everyone sells off their XRP and the entire 10 billion goes down the slide into history. This will also set a precedent to any private businesses not to try and create a 'currency' which they own all of it as it starts off and try to sell it and milk money out of it.
Down the slide right into BTC and traditional altcoins.
They still haven't made clear what the boundaries are. I would love to see this case decided at trial so we have clear precedent set. Multiple SEC officials (including Jay Clayton) said ETH is not a security even though it was launched as an ICO where the developers and Foundation pocketed 16.67% of the premine.
Can they now dump Ethereum please?
Fat chance. The SEC likes Ethereum. They've made it pretty clear they aren't coming after them.
With 2.0 coming, I'm expecting the opposite. Like DASH proved, hybrid POS will create massive incentives to accumulate ETH and remove it from the market. It's going sky high in the next bubble.
Yeah US Government needs to get more clear on, well, everything crypto haha.
Agreed ETH is gonna appreciate massively in the future. Bitcoin has all that institutional money coming in, and for ETH staking and 2.0 will drive ecosystem expansion plus locking up supply. Plus ETH will probably start getting a little bit more of that institutional money as well. Everything else is well, altcions, try to catch the boom and avoid the inevitable bust. I dunno how big ETH will get this next year or whatever for this market cycle, since 2.0 will be only partway through its transition, but in 5 years there's no doubt ETH over $10k.