Re: Cz or the Sec who would you support?

Quote from: dansus021 on July 14, 2023, 01:05:07 AM

Quote from: o48o on July 13, 2023, 09:09:34 PM

We should worry about our own equivalence to SEC. EU has ESMA and just released new crypto-assets regulation, China has CSRC and so on...

I also don't really understand about china because they ban Bitcoin but HongKong is allowed crypto there and even regulated there and you might know that Hongkong is a special administrative region of China. and they even want to become a web3 hub for the Crypto Sector - https://www.bloomberg.com/news/articles/2023-07-05/why-hong-kong-wants-to-be-a-hub-for-the-crypto-sector

Well china and their "One country, two systems" has always been very confusing. Especially now when there shouldn't be 2 systems but china is apparently too afraid to bring full commnunism to hong kong. Or they have a time frame for that. It would probably cause mayhem of biblical scale to try to implement it right away.

Quote from: dansus021 on July 14, 2023, 01:05:07 AM

and other cases is Judge rules XRP is not a security in SEC's case against Ripple - https://cointelegraph.com/news/ripple-wins-case-against-sec-as-judge-rules-xrp-is-not-a-security
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I am guessing this could be a significant boost for the upcoming bull run. Not because XRP is excellent or anything like that. It will raise hopes that most of the other projects don't end up being securities either. I mean apparently SEC thought that Ripple was so obvious security that they kept fighting years in court for it. And if they lose THAT.. Well they would have to have pretty solid evidence for those others. SEC could even see that fighting in the court would be waste of taxpayers money and drop the whole issue.